Tencent Tech, 11/05/14
According to an industry source, China's Ministry of Industry and Information Technology (MIIT) has begun preparatory work to issue FDD-LTE network operating licenses to China's telcos, and barring any unforeseen circumstances, new licenses will be announced next month. China Unicom (NYSE: CHU; 0762.HK; 600050.SH) and China Telecom (NYSE: CHA; 0728.HK) have both recently submitted applications to the MIIT to receive FDD commercial licenses.
China Unicom and China Telecom recently received notice from the MIIT requiring the operators to complete their FDD 4G base station construction or upgrades by November.
Editor's Note: For more information on this topic, please see "China Telecom, Unicom Win TD/FDD-LTE Hybrid Network Licenses," MD 6/27/14 issue.