China Telecoms Shares Rise on 3G Talk – Mure Dickie and Justine Lau

From The Financial Times:

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 .

While Beijing blamed journalists for misreading its telecoms policy signals, the share moves were a sharp reminder of the notorious lack of transparency surrounding regulators’ plans for the world’s biggest telecoms market by number of subscribers. [Full Text]

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