ADC chases stimulus in China, U.S. - Minneapolis / St. Paul Business Journal:
June 5, 2009
ADC Telecommunications Inc. officials are counting on stimulus funds to boost their broadband business this year, but the biggest stimulus isn’t coming from Washington, D.C. It’s from Beijing.
The Eden Prairie-based company, which makes connectors and other devices for telecom networks, is chasing after the $42 billion China is spending to upgrade its broadband infrastructure. That is more than five times the $7.2 billion the U.S. government will pay to expand broadband access in rural areas under the American Recovery and Reinvestment Act...
ADC Telecommunications Inc. officials are counting on stimulus funds to boost their broadband business this year, but the biggest stimulus isn’t coming from Washington, D.C. It’s from Beijing.
The Eden Prairie-based company, which makes connectors and other devices for telecom networks, is chasing after the $42 billion China is spending to upgrade its broadband infrastructure. That is more than five times the $7.2 billion the U.S. government will pay to expand broadband access in rural areas under the American Recovery and Reinvestment Act...
posted by Connect Ohio at
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