LGI enters Chinese broadband service providing market

10/22/2007, LGI(www.lgi.com/index.html), a delaware based world wide CATV carrier will become the first overseas company who provide basic network service in Chinese Telecom market. Last friday, Beijing Gehua CATV network (www.bgctv.com.cn), a local Chinese CATV service provider announced that they would set up a join-ventured company with LGI and another venture company PRC Venture Partners LLC. Gehua will hold 51% share of the new company. Gehua said the new company would invest at least 200 million RMB to build broadband infrastructure. With the help of LGI, the join-ventured company will be a great challenge to Beijing Netcom.