Sources close to the company have revealed that China Telecom (NYSE: CHA; 0728.HK) will release eight 4G smartphone models on May 1. China's Ministry of Industry and Information Technology (MIIT) is rumored to be issuing an FDD-LTE license to the company in May.
All 8 of the smartphones are reportedly from Chinese manufacturers, including one terminal each from ZTE (0763.HK; 000063.SZ) and Huawei, and three terminals each from Coolpad (2369.HK) and TCL Communication (2618.HK). With the exception of the three TCL models, which only support CDMA and FDD-LTE network standards, the other 5 smartphones support CDMA, TD-LTE, and FDD-LTE connections. All 8 of the devices are mid-range terminals priced between RMB 1,000 and RMB 2,000, with 5+inch displays and 1.4 GHz dual-core processors.