[January 02, 2009] Buzz Technologies Inc (OTC:BZTG): China Mobile 3G Buzz Tweet Jan 02, 2009 (M2 PRESSWIRE via COMTEX) -- Chinese telecom firms shares surged today after Beijing finally approved the issuance of 3G licenses for new mobile networks, ushering in billions of dollars in infrastructure spending and the prospect of fresh revenue streams from new 3G services. Buzz Inc (OTC:BZTG) has had the 3G Buzz Mobile site in Chinese operating for sometime and welcomed the news today that hundreds of millions of people in China will now be able to use all of the Buzz Mobile services. With over $41 billion in spending needed to roll out the new networks, telecommunications equipment makers, services and portal hosts, mobile content suppliers and mobile applications will see gains. Mobile service providers China Mobile (NYSE: CHL) China Unicom (NYSE: CHU) and China Telecom also rose on expectations the new technology, allowing many new services such as video, email, games and more on mobile phones, will attract more higher spending customers. 'Our investments in 3G technology will help Buzz expand our growth on many fronts in China" said Sutida Suwunnavid of Buzz Inc M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [email protected]. [ Back To TMCnet.com's Homepage ]