- China Telecom (NYSE:CHA) and China Unicom (NYSE:CHU) announced that they won 4G LTE FDD licenses from China's industry regulator, the Ministry of Industry and Information Technology.
- The move is another that may allow the carriers to challenge the dominance of China's leader, China Mobile (NYSE:CHL), by drawing more data users. The two have been somewhat behind China Mobile in terms of 4G upgrades.
- In 2013, the three companies were licensed to use the homegrown TD-LTE standard.
- Previously: Chinese telecoms jump in Hong Kong on merger rumor (Feb. 11 2015)
- Previously: Merger rumors lift U.S. shares of Chinese telecoms (Feb. 12 2015)
China Telecom, China Unicom get new 4G licenses
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Symbol | Last Price | % Chg |
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CHA | - | - |
China Telecom Corporation Limited |