China issues 3G mobile licences
08-01-2009
The mainland government has issued three third-generation mobile phone licences. China Mobile has been given a permit to run a service based on a home-grown technology. China Unicom and China Telecom will operate on an overseas standard. Analysts say the move will help boost the country's slowing economy. The three carriers are expected to pour US$41 billion into building new wireless networks. The introduction of the service will also spur buying of 3-G handsets, which will benefit manufacturers at home and overseas.
