From xinhua via People’s Daily:
As China is expected to launch the third generation mobile communication (3G) soon, its 3G-related stocks have kept rising in recent days. Experts warned that investors should be cautious and get clear who are the real winners of China’s 3G industry.
At the ITU (International Telecom Union) Telecom World 2006 held recently in Hong Kong, positive remarks by operators and equipment makers and an array of new products strengthened investors’ confidence in China’s 3G-related companies and pushed them to buy 3G stocks in the hope of making profits.
Yi Minyu, director of telecom consulting section under the China Center for Information Industry Development, analyzed that though 3G network has obvious advantages compared with traditional 2G networks of GSM and CDMA, not all the companies in the 3G industrial chain would gain lucrative profits.[Full Text]