China Wi-Max Communications, Inc. announced today that they have agreed to a wholesale carrier agreement with Dragon Telecom International, Ltd. of Hong Kong. The agreement gives CHWM access to 2.5 Gbps which can be expanded to 10Gbps and 100Gbps via dual fiber connection between Hong Kong and mainland China in the future.
China Wi-Max has been aggressively pursuing agreements to grow their ever-expanding fiber and wireless connections business in China and surrounding countries. Through expansion, companies in China, and outside of China, will be able to easily provide Private Line Services via International Carrier Meet Me Centers in Hong Kong to and from the following locations in China: Beijing, Shanghai Wuhan, Guangzhou, Shijiazhuang, Zhenzhou, Changsha, Tianjin, Jinan, Hefei, Nanjing, Suzhou, Xian, Chengdu, Chaongqing, Xuzhou.
Continuing with their goal to capitalize on the need for wireless and landline communication in China, China Wi-Fi announced on April 28th that they had formed a strategic alliance via a Letter of Intent (LOI) with ADVODA Communications. ADVODA partners with carriers and service providers to design telecommunication solutions from complex voice and data networks for global enterprises to voice and internet service for a single-location small business. ADVODA also supports a diverse group of independent telecom agents, network consultants and hardware vendors in providing services to its clients.
Steven Berman, China Wi-Max CEO and President, previously stated the following in an interview with regards to the business plans and their partnerships and growth in China, “China Wi-Max is positioned to take advantage of the dynamically growing broadband internet connectivity market in China, starting in Beijing and rolling out to a population segment of 100 million people in ten (10) target cities.”
China Wi-Fi, a developmental company based in Denver, Colorado, is a low-float company with only 6.39 million shares in the float. CHWM is currently trading at $.19 per share.