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China's 3G Market to Hit CNY7.4bn in 2010
[January 04, 2010]

China's 3G Market to Hit CNY7.4bn in 2010

BEIJING, Jan 04, 2010 (SinoCast Daily Business Beat via COMTEX) -- China's 3G market is expected to hit CNY 7.4 billion in 2010, quadrupling the figure in 2009, and the nation's 3G user base in 2010 is predicted to sextuple the number in 2009.

The nation's telecoms titan China Unicom (Hong Kong) Ltd. (NYSE: CHU, SEHK: 0762, SHSE: 600050) has built its WCDMA network in 335 Chinese cities by January 3, 2010, and one of its top executive estimated previously that its 3G user base was to hit 3 million by 2009-end.

Similarly, China Mobile Ltd. (SEHK: 0941, NYSE: CHL), the biggest Chinese telecoms operator, has had more than 5 million TD-SCDMA users nationwide presently. The company plans to kick off the fourth-phase TD-SCDMA construction in 2010, and its TD-SCDMA network will cover 330 cities around the country.

The nation's Big Three telecoms operators are predicted to pump more investments into 3G construction in 2010. Notably, the rapid 3G user growth in China will create a wide development opportunity for electronics component vendors and telecoms equipment sellers in the future, pointed out Guotai Junan Securities Co., Ltd.

Source: (January 04, 2010)

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