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China Mobile internally ready for A-share listing, Wang Jianzhou
[November 09, 2010]

China Mobile internally ready for A-share listing, Wang Jianzhou

BEIJING, Nov 09, 2010 (Xinhua via COMTEX) -- China Mobile (CHL.NYSE; 00941.HK) Chairman Wang Jianzhou said Monday the company was internally ready for getting listed on China's A-share market.

But because of complicated procedure in rolling out the international board of the A-share market, there is no detailed information so far for its listing on the A-share market, Wang added.

Meanwhile, Wang also revealed that China Mobile plans to expand its TD-LTE trial network to three to six cities.

China Mobile has piloted TD-LTE network service, and the telecom industry believes the telecom operator will accelerate the transition to TD-LTE to reverse the tide that its 3G services have no outstanding advantages.

Wang said the development of TD-LTE is faster than expected, thanks to the explosive growth of data business in Chinese mainland market. The popularity of smart phones leads to increasing usage of data services.

China Mobile rolled out the world's first TD-LTE system during the 2010 World Expo in Shanghai, which won the interests of oversea telecom operators.

The carrier decides to expand the trial network construction to three to six cities, after the approval of related authorities.

An industrial insider unveiled that three coastal cities, namely Qingdao, Xiamen and Zhuhai, would be considered by China Mobile. (Edited by Luo Jingjing, [email protected])

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