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MIIT grants homegrown 4G TD-LTE license to 3 basic telecom operators Wed.BEIJING, Dec 04, 2013 (Xinhua via COMTEX) -- China 's Ministry of Industry and Information Technology (MIIT) on Wednesday afternoon granted the homegrown 4G TD-LTE licenses to the three basic telecom operators. The ministry said China Mobile (CHL.NYSE; 00941.HK), China Telecom (CHA.NYSE; 00728.HK) and China Unicom (CHU.NYSE; 00762.HK; 600050.SH) have all launched large-scale experiments on TD-LTE networks, and these networks are qualified for large-scale commercial operation. MIIT added that it will approve relevant enterprises to launch experiments on networks based on the International 4G standard FDD-LTE in the future, in a bid to systematically verify the development mode of integrating TD-LTE networks and FDD-LTE networks. Besides, the ministry said it will issue FDD-LTE licenses in the future. Industry insiders predicted that the construction of 4G networks will bring investment of about 500 billion yuan in the early stage. And the 4G industry chain involving terminal manufacturing and software sector is expected to post an industrial scale of more than 1 trillion yuan. (Edited by Li Xiaoyu, [email protected]) |