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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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The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

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