China telecoms shares rise on 3G talk
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The shares of Chinese telecoms companies listed in Hong Kong surged yesterday on what the industry's regulator and a government researcher called speculative reports about the long-awaited introduction of 3G mobile services.
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Stocks rose on Monday, boosted by takeover news in the telecommunications sector.
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The mobile telecoms industry turned  its focus on India at this year's 3GSM trade fair and away from  China, after years of talking about little else but China's  huge market and potential third generation licenses.
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Qualcomm Inc.  shares jumped more than 4 percent on Tuesday after China said it may grant a license for a next-generation cellphone network that would boost royalties to the wireless technology and chip supplier.
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China will put its homegrown 3G (third-generation) mobile technology to use during the 2008 Olympic Games, the country's state-owned broadcaster said in a news report.
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The number of mobile phone subscribers in China topped 334 million in 2004, up 65 million from 2003, according to the Ministry of Information Industry.
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Singapore's second biggest telecoms player, MobileOne Asia (M1), said it will launch its third generation (3G) mobile phone service this week.
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China&#39;s largest cell phone service provider, China Mobile (Hong Kong) Ltd., reported a 7.8 percent jump in first-half profits Wednesday as its number of subscribers rose by 23 percent.
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Chinese stocks have climbed back as the market digests the government's intentions on shares taxation.
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Shares of Sprint Nextel Corp   rose over 3.5 percent on Friday as investors reacted to market  speculation the No. 3 U.S. mobile service could be sold to  Britain&#39;s BT Group , but analysts were skeptical.
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TechWeb - Riding the wave of demand for mobile communications in developing countries and finding new ways to make money from maturing markets will be preoccupations at the world's top wireless trade show, 3GSM, in Barcelona.
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Sales of mobile phones in China increased 40 percent year on year to 120 million units in 2006, Xinhua quoting deputy chief of the China Mobile Communications Association Xie Linzhen.
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Telecom executives are excited by the potential for 3G cellular networks in China, but the country wonÃÂt say which technology it will use or who will get licenses.
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InfoWorld - The Chinese government will not issue licenses for 3G (third-generation) mobile services until the first quarter of 2008, according to a Chinese report.
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Communications network equipment   maker 3Com Corp. COMS.O said on Thursday its quarterly loss   narrowed as revenues increased mainly due its joint venture   with China's Huawei Technologies Co. Ltd.
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The latest monthly data has carriers' shares lifting higher.
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HONG KONG (Dow Jones)--China&#39;s second-largest telecommunications equipment maker ZTE Corp. (ZTE) Thursday staged a strong debut on the Hong Kong stock exchange&#39;s main board, with its shares rising as much as 10.5% in early trade.