InfoAnda - Billions at stake as China issues 3G licences

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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Billions at stake as China issues 3G licences AFP - Thursday, January 8 SHANGHAI (AFP) - - China issued long-awaited third-generation mobile phone licences Wednesday, a move that will pour billions of dollars into new networks as consumers buy video- and Internet-enabled handsets. The Ministry of Industry and Information Technology issued licences covering the three major standards in China, Europe and North America, ministry spokesman Wang Lijian told AFP. Market leader China Mobile received a licence for the Chinese-developed TD-SCDMA standard, he said. China Unicom got a licence for Europe's WCDMA standard while China Telecom will handle North America's CDMA 2000, Wang said. The two international standards require that operators pay royalties to foreign developers. Third-generation, or 3G, networks enable faster data transmission and advanced services such as wide-area wireless calls, web surfing and video. The licences are of huge importance as China is the world's biggest mobile phone market, with more than 634 million subscribers by the end of November. Analysts said that although it may be years before 3G services become popular in China, issuing the licences will immediately benefit global equipment makers such as Siemens, Ericsson and Nokia, as well as local rivals. "Leading global suppliers such as Ericsson and Siemens are well-positioned in the WCDMA market," said Fang Meiqin, an associate director of Beijing-based BDA China. "Domestic makers like Huawei Technologies and ZTE have been making noticeable progress both abroad and at home. They are grabbing market shares and posing a challenge to foreign companies," Fang said. Industry and Information Technology Minister Li Yizhong said last month the carriers were expected to invest about 41 billion dollars in 3G networks over the next two years, with at least 29 billion dollars to be spent in 2009. The government has said the spending that will accompany the launch of 3G services is an important part of efforts to battle the slowdown caused by the global economic turmoil. The companies were not expected to have to pay for the licences themselves, analysts said, reflecting the government's desire to support the enterprises, which are all state-controlled. However share prices for all three companies fell in Hong Kong Wednesday as investors sought to collect profits, while others were concerned about the new investments the companies would have to make. And traders said that after years of delays, dealers had already factored the licences' potential benefits. China Mobile shares closed 5.5 percent lower at 78.45 Hong Kong dollars (10.11 US dollars) and China Telecom fell five percent at 3.03 Hong Kong dollars in Hong Kong. China Unicom shares were 10.6 percent lower at 9.19 Hong Kong dollars. Beijing has been preparing for the roll-out of 3G since the beginning of the decade. The global 3G industry association, 3rd Generation Partnership Project, first approved China's TD-SCDMA in 2001 as one of the world's 3G standards, but there have been countless delays since. Analysts have said the delays were partly because China needed more time to perfect its home-grown standard. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy Thai economic ministers extend stimulus measuresAP - 55 minutes ago Bank of America sells China bank stakeReuters - 1 hour 8 minutes ago Bank of America, tycoon sell China bank stakesReuters - 1 hour 10 minutes ago China issues 3G mobile phone licensesAP - 1 hour 35 minutes ago Related Articles: Business Stock futures dip after Alcoa cuts jobs, outputAP - 17 minutes ago European stocks take a pause from New Year rallyAP - 23 minutes ago BRIEF-Aselsan in 45 mln lira deal with Turkish militaryReuters - 23 minutes ago NEWSMAKER-After career highs, Satyam chief makes stunning exitReuters - 24 minutes ago Guinness Peat says '08 was very "unsatisfactory"Reuters - 25 minutes ago Enlarge Photo Billions at stake as China issues 3G licences Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Shares skyrocket as Porsche takes over Volkswagen Steve Jobs has "hormone imbalance," to stay on as Apple CEO Toyota to shut production plants for 11 days Jett Travolta died of 'seizure': Bahamas officials Pink iguanas discovered on Galapagos Islands View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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