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China Gearing Up for 3G Warfare – Analyst Blog
Zacks Market Commentaries (June 25th, 2009) Writes:
China, the world's biggest nation by population, also harbors the largest number of wireless users in the world. China Mobile (CHL) remains the incumbent Chinese wireless carrier with a 70% market share, well ahead of the second-place China Unicom (CHU). However, the recently concluded restructuring of the Chinese telecom industry has intensified domestic competition by allowing an additional market entrant.As per the restructuring mandate, China Unicom merged with China Netcom (a leading fixed-line service provider) and sold its CDMA wireless business to the largest fixed-line operator, China Telecom (CHA), for RMB 110 billion (US$16 billion), creating two entities offering wireless and fixed-line services in China.Following the overhaul of the Chinese telecom industry, the Ministry of Industry and Information Technology of China issued three 3G wireless licenses in early 2009. China Mobile was awarded the license for ...
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3g, 3g Network, 3G services, 3G wireless licenses, Analyst, Beijing, CDMA, China, China Mobile, China Netcom, China Telecom, China Unicom, Chinese Government, CNY, competing technologies, fixed-line operator, fixed-line services, Information Technology, Market Commentary, Ministry of Industry and Information Technology of China, shanghai, Stocks to Watch, TD-SCDMA technology, Technology of China, USD, wireless, Wireless Carrier, wireless users, Zacks Market Commentaries
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