China Telecom May Lease China Mobile TD-LTE Network

Tencent Tech, 8/16/13

China Mobile (NYSE: CHL; 0941.HK) Chairman Xi Guohua announced during the company's H1 2013 performance review meeting that China Mobile has received an initial request from China Telecom (NYSE: CHA; 0728.HK) regarding the lease of China Mobile's TD-LTE network to China Telecom. Negotiations are ongoing.

In March of this year, China Telecom Chairman Wang Xiaochu stated that the company would consider renting TD-LTE services from China Mobile if China Telecom was awarded a TD-LTE license from China's Ministry of Industry and Information Technology (MIIT). Yesterday, China's State Council released a notice stating its support for the release of 4G licenses this year.

Xi Guohua also revealed that China Mobile is in ongoing negotiations with Apple to address cooperation over iPhone technology issues and mobile contract terms.

Editor's Note: For more background on this topic, please see "China Telecom Hopes for FDD, Not TDD 4G License" MD 3/21/13 issue.

Keywords: Wang Xiaochu Xi Guohua China Telecom China Mobile license wireless 4G MIIT CHL TD-LTE 0728.HK 0941.HK CHA FDD-LTE

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