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The Chinese government has approved an iPhone that appears to be built for China Telecom's (CHA)...
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Monday, January 9, 2012, 12:25 PM ETThe Chinese government has approved an iPhone that appears to be built for China Telecom's (CHA) EV-DO 3G network. Thus far, Apple (AAPL) has only been able to officially sell the iPhone in the Middle Kingdom through China Unicom (CHU), though the 4S' inclusion of an EV-DO modem has led to widespread speculation (I, II) that China Telecom would be added as a partner.
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Remember, cheaper pricing doesn't hurt Apple profits because the Carriers pay Apple for the iPhones, not the consumer.
By the way, China Telecom has "117 million mobile subscribers, of which 28.43 million were 3G subscribers."
Source - http://bit.ly/z7nPS5 (#2 tab)