As innovative providers such as Shanghai Telecom stay ahead of the market opportunities by introducing new services, the core is an important part of their network upgrades. The T-series and the TX Matrix deliver capacity and non-disruptive scalability, powering Shanghai's growth momentum with high-performance, advanced IP services.

As one of the world's most ambitious IPv6 projects, all of China's major service providers and communications networks are participating in the CNGI project.

We expect first-quarter operations will improve. The results will match our forecast made during the fourth-quarter.

Our operating expenses came down thanks to our cost-reduction efforts.