Thomson Financial News
12.31.08, 04:27 AM ESTBEIJING (XFN-ASIA) – China’s State Council, or cabinet, said it has approved the issuance of third generation mobile phone licenses.
The cabinet said in a statement on the government website that the 3G licenses will be issued for networks using the domestically developed TD-SCDMA technology as well as WCDMA and CDMA2000.
It said that the long-awaited decision was made following a regular cabinet meeting chaired by Premier Wen Jiabao. The move reflected the fact that the nation’s major telecommunication firms have basically completed their restructuring programs, according to the statement.