Rumor: China Mobile Criticized for News Leak, Announces Cheap TD Packages 

Posted on Feb 05, 2009 | 17:02

 

The Ministry Industry and Information Technology (MIIT) has "officially criticized" China Mobile (NYSE:CHL, 941.HK) for leaking news to the press yesterday that regulators ordered China Telecom (NYSE:CHA, 728.HK) and China Unicom (NYSE:CHU, 762.HK, 600050.SH) to close their wireless telephone service Xiaolingtong, or PHS, by the end of 2011, reports IT.com.cn quoting an MIIT insider. The leak disrupted MIIT's PHS network transfer, said the source. According to the insider, MIIT and the telecom operators both knew of PHS' demise by January, when MIIT sent documents to operators requesting the transfer be complete in three years. MIIT was planning to delay the announcement until the transfer had reached a certain size, said the source. China Central Television's (CCTV) discussed whether PHS was dying a natural death on Channel Two on Wednesday evening.

An unnamed insider said China Mobile plans to offer TD-SCDMA packages to enterprise clients and home subscribers for RMB 30 and RMB 10 per month, respectively, reports C114.net. Voice calls will run RMB 0.22 for the first three minutes and RMB 0.11 for each following minute, said the report. China Mobile previously announced plans to release three packages for RMB 25, 58 and 88 per month in each of the TD-SCMDA trial cities, Shenzhen, Guangzhou and Tianjin.

Tags:  3G 600050.SH 728.HK 762.HK 941.HK CHA CHL CHU China Mobile China Telecom China Unicom Industry and Information Technology MIIT PHS TD-SCDMA Telecom Xiaolingtong

RELATED HEADLINES  

RECENT HEADLINES