Wednesday, November 26, 2008

China Mobile Limited to Provide 3G by March 2009

 China Mobile Limited (NYSE:CHL) has bounced back from its drop on Wall Street,yesterday. CML, the world's largest mobile phone provider, gained 3 points (7%). Positive momentum followed CML's annoncement at  the 9th China Mobility International Summit in Beijing, where it claimed that users in the core 10 cities with TD-SCDMA networks will be able to use both 2G and 3G networks by March '09,without the need for a replacement SIM card.


 By that point, CML's customer base of 415 million is projected to be around 575 million. Long-term investors should consider this interesting apsect of CML's potential market: The approximate population of the United States is just over 305 million, and there are still 700 million remaining Chinese residents who are potential subscribers.

Posted By Matt O'Hern at 02:43 PM
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