Telco speeds up building of 3G network

China Telecom has completed the first phase construction of its 3G network nationwide to cover all county-level or above cities, almost six months ahead of the original schedule, the country’s No. 3 mobile carrier said yesterday.
The telco’s Shanghai branch aims to attract a base of 5.5 million mobile users, more than double the current number [...]

Online store a 3G ‘gold mine’

China Mobile will officially launch its mobile phone application online store by the end of August as the telco diversifies its revenue by tapping other services.
The Mobile Market online store will help the country’s No. 1 mobile carrier to keep its advantage in the 3G, or third generation, era over rivals China Unicom and China [...]

IT’s vital as catalyst to Shanghai’s vision

Shanghai is pouring billions of yuan to upgrade its information technology infrastructure and related services to provide the most advanced pillar of support for the city’s transformation into an international financial and shipping center.
Investment in IT pervades every sector of the economy, delivering faster broadband access, next-generation mobile communications, energy-efficient data centers, expanded international Internet [...]

Buying in telco drives HK shares 2% higher

Hong Kong shares jumped 2 percent yesterday to end at an 11-month closing high as early losses were erased by strong buying in China Mobile on speculation the company was on track to list in Shanghai.
HSBC rose 3.3 percent in Hong Kong, extending gains to nearly 10 percent since its first-half earnings on Monday. Europe’s [...]

China Mobile sharply cut international fares

China Mobile recently announced several international long-distance calling packages offering lower rates for calls to 18 countries and regions in Asia, Europe, North America, and Australia on Thursday, the telecom-focused website C114.net reported.
In Beijing, the packages cost 30 yuan for between 20 and 100 minutes of conversation, depending on the country. These rates are cheaper [...]

China Mobile 3G system gets fund boost

China Mobile will invest a total of 58 billion yuan (US$8.53 billion) this year on the third phase construction of the domestically-developed 3G network, which is expected to be completed by the end of this year.
The investment, which surpasses the company’s total investment in its two-phase construction of the 3G network, will expand signal coverage [...]

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