BT is to increase its presence in China by opening a global research and development centre in Shanghai. The UK’s leading telecommunications group is to spend $70m (£35m) on the Chinese initiatives, hiring about 75 staff initially. The decision will bolster the capabilities of BT Global Services, the division that has become the company’s growth engine by serving the telecommunications and information technology needs of multinationals. Ben Verwaayen, BT chief executive, said the $70m investment in China could become “much bigger than that”.
Shanghai will be the location of BT’s fourth research centre. BT is also to open a technology and service centre in Dalian.
From: http://uk.biz.yahoo.com/06092007/399/bt-bolsters-china-presence.html
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