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China Mobile expects 4G licences to be issued end of this year
March 14, 2013 / 8:16 AM / in 5 years

China Mobile expects 4G licences to be issued end of this year

HONG KONG, March 14 (Reuters) - China Mobile Ltd, the world’s largest mobile operator by subscribers, said on Thursday it expects 4G licenses to be issued around the end of this year, echoing comments by a senior Chinese official last week.

Chairman Xi Guohua was speaking at an earnings briefing after the company posted a 2.7 percent rise in 2012 net profit, the slowest in three years.

China Mobile also said it would spend 41.7 billion yuan ($6.71 billion) developing a 4G network this year. ($1 = 6.2138 Chinese yuan) (Reporting By Lee Chyen Yee; Writing by Anne Marie Roantree; Editing by Ryan Woo)

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