China Mobile to Introduce Apple 4G
China Mobile Ltd. (0941.HK, NYSE:CHL), China’s largest mobile telecoms operator, announced on Thursday that it had reached an agreement with Apple Inc. that would see the U.S. firm introduce iPhone 4G (TD-LTE) into China, China Business News reported.
The announcement, made by China Mobile president Wang Jianzhou, didn’t give a timetable for when the new product would enter the market. It depends on “Apple’s plan,” Wang was quoted as saying in the report.
China Mobile failed to win a deal to provide the iPhone 3G because it uses TD-SCDMA, a homegrown standard. The mobile operator’s biggest rival China Unicom Ltd. (0762.HK, 600050.SH, NYSE:CHU) won the deal instead, and has been steadily eating into China Mobile’s high-end users base ever since.
Wang added China Mobile has still not officially introduced iPhone products, but it has already prepared subscriber packages for iPhone users. China Mobile now has four million unofficial iPhone users, and that number is still growing, Wang added.
Wang also said at the company’s shareholder conference on Thursday that China Mobile is planning to list on China’s A-share market. The company will not issue new shares to avoid damaging the interests of existing shareholders, he said.
He didn’t unveil the timetable of listing at the conference.
source
The announcement, made by China Mobile president Wang Jianzhou, didn’t give a timetable for when the new product would enter the market. It depends on “Apple’s plan,” Wang was quoted as saying in the report.
China Mobile failed to win a deal to provide the iPhone 3G because it uses TD-SCDMA, a homegrown standard. The mobile operator’s biggest rival China Unicom Ltd. (0762.HK, 600050.SH, NYSE:CHU) won the deal instead, and has been steadily eating into China Mobile’s high-end users base ever since.
Wang added China Mobile has still not officially introduced iPhone products, but it has already prepared subscriber packages for iPhone users. China Mobile now has four million unofficial iPhone users, and that number is still growing, Wang added.
Wang also said at the company’s shareholder conference on Thursday that China Mobile is planning to list on China’s A-share market. The company will not issue new shares to avoid damaging the interests of existing shareholders, he said.
He didn’t unveil the timetable of listing at the conference.
source
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