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Rumor: China to Issue 3G Licenses in Early September

CCID, 5/27/08

Chinese telecom industry insiders are predicting that 3G licenses will be issued in early September. According to the speculations, China Telecom (NYSE: CHA; 0728.HK) will require at least three months, at the earliest, to complete its acquisition of China Unicom's (NYSE: CHU; 0762.HK; 600050.SH) CDMA network, and Unicom's merger with China Netcom (NYSE: CN; 0906.HK) will take a similar amount of time.

Keywords: license timetable restructuring 0728.HK 0762.HK 0906.HK 3G 600050.SH CDMA CHA China Netcom China Telecom China Unicom CHU CN telecom wireless

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