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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > Technology > Article Home Business & Finance News U.S. Politics International Technology Internet Holiday Gift Guide Entertainment Sports Lifestyle Oddly Enough Environment Health Science Special Coverage Video Pictures The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters You Witness News Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters China Mobile soars after 3G approval; pushes HSI up Thu Jan 1, 2009 10:49pm EST Email | Print | Share | Reprints | Single Page [-] Text [+] HONG KONG (Reuters) - China Mobile (0941.HK)(CHL.N), the world's top wireless carrier, jumped more than 3 percent on Friday, helping extend gains in the broader market, after China approved the issuance of licenses for next generation (3G) mobile networks. Shares of the Chinese wireless mobile service operator, which was the most heavily traded stock of the morning, rose HK$2.4 to HK$80.20. Its rival China Unicom (0762.HK) rose 5.2 percent to HK$9.78 while China Telecom (0728.HK), the newest entrant to China's wireless telecommunication industry, rallied 5.9 percent. By 10:28 p.m. ET the Hang Seng Index .HSI was 2.5 percent higher at 14,749.70 after opening up 0.4 percent. The China Enterprises Index of top locally listed mainland Chinese firms .HSCE had risen 2.8 percent to 8,114.41. China's state council on Wednesday approved the issuance of long-awaited licenses for 3G mobile networks, opening the door to some $41 billion in spending for equipment. The council did not say when the licenses would be issued by the Ministry of Industry of Information, but the industry minister has said it would happen by early 2009. (US$1=HK$7.8) © Thomson Reuters 2009 All rights reserved Share: Del.icio.us Digg Mixx My Web Facebook LinkedIn Next Article: Online holiday sales fall 3 percent Also on Reuters Tech companies push stylish, personal design Video Video: A look back at Wall Street's year of turmoil Sharks have wimpy bites, study finds More Technology News Microsoft blames leap year for Zune glitch Beatles to zombies, videogamers set for varied '09 Nokia CEO says focus on profits: FT Online holiday sales fall 3 percent Music album sales tumble further in 2008 More Technology News... Editor's Choice Slideshow A selection of our best photos from the past 24 hours. Slideshow Most Popular on Reuters Articles Video U.S. steel industry urges "buy America" recovery plan Obama to meet with congressional leaders on economy | Video Government aid could save U.S. newspapers, spark debate Stolen Madoff statue returned with note attached Israeli strike kills senior Hamas leader California governor offers new budget fix plan Obama, daughters cause stir on Hawaii outing | Video "What are you doing here?": man asks wife at brothel Bank of America, Wells close mergers as banking transforms TREASURIES-Drop further in new year as risk appetite improves Most Popular Articles RSS Feed Video Wall Street's year in turmoil Obama enjoys holiday golf New Year attack on Gaza Israel rejects calls for ceasefire Hamas leader dies in airstrike Dozens die in Thai club fire Dozens killed in Bangkok club fire Gaza's dire situation Talk of the Town: Comeback kid Jakarta spy boss cleared of murder Most Popular Videos RSS Feed Holiday Gift Guide Gift ideas & reviews for this holiday season. Full Coverage Reuters Deals The global destination for corporate leaders, deal-makers and innovators Knowledge to Act Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSS | Interactive TV | Labs | Reuters in Second Life | Archive | Site Index | Video Index Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers International Editions: Africa | Arabic | Argentina | Brazil | Canada | China | France | Germany | India | Italy | Japan | Latin America | Mexico | Russia | Spain | United Kingdom | United States Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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