China considers issuing 3G licenses to overseas firms
China is considering awarding foreign firms licenses to operate 3G mobile communication technology when it is eventually launched in the country
SHANGHAI (AFX) - China is considering awarding foreign firms licenses to operate 3G mobile communication technology when it is eventually launched in the country, the 21st Century Business Herald reported.
The newspaper cited sources saying a major Hong Kong telecom operator is likely to get such a license. It did not name the company.
It added that China United Telecommunications Corp Ltd (SHA 600050) plans to seek foreign investors if it gets a license to operate a 3G-enabled CDMA2000 network.
Most observers expect China to launch 3G in the second half of this year.
(1 usd = 8.02 yuan)
The newspaper cited sources saying a major Hong Kong telecom operator is likely to get such a license. It did not name the company.
It added that China United Telecommunications Corp Ltd (SHA 600050) plans to seek foreign investors if it gets a license to operate a 3G-enabled CDMA2000 network.
Most observers expect China to launch 3G in the second half of this year.
(1 usd = 8.02 yuan)
