3G Licenses to Follow Restructure

From China Daily:

The long-awaited (third generation) licenses will be issued as soon as the current restructuring is complete, the government said on Saturday.

In a joint statement issued during the weekend, the government said it encourages China Telecom to buy China Unicom’s code-division multiple access (CDMA) network and China Unicom to incorporate with China Netcom.

The much-awaited overhaul of the telecom industry started on Friday when China Mobile Communications Corp (CMCC), parent of Hong Kong-listed China Mobile Ltd, said in an announcement that it would acquire fixed-line operator China Tietong Telecommunications Corp and disclosed a slew of personnel changes.

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