Wednesday, December 17, 2008

China to issue 3G licenses as early as year-end.

The head of China's Ministry of Industry and Information Technology Li Yizhong said it will issue three third-generation (3G) licences as early as this month, or in early 2009.

This will trigger at least 200 billion yuan of spending in 2009 as operators upgrade networks to offer faster services.

Green Packet Bhd, which earnings got hurt partly due to lower sales in China, should see its revenue in China to pick up again, once licenses are issued.

Green Packet chief executive officer Puan Chan Cheong, during one of the media briefing few months back, said income from China took a beating as Chinese mobile operators are putting their capex on hold as their are awaiting for the government to issue the high-speed mobile phone licenses.

1 Comment:

jade said...

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