China Mobile Moves Closer to IPhone With License for 4G
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China Mobile Ltd. won state approval to start commercial service on the world’s largest fourth-generation wireless network, clearing a key hurdle to offering Apple Inc.’s iPhone to its 759 million subscribers.
The world’s biggest phone company and two smaller domestic carriers received 4G licenses yesterday from China’s Ministry of Industry and Information Technology. China Mobile will deploy TD-LTE technology to promote faster downloads as it tries to push customers toward higher-priced voice and data plans. Shares rose to the highest in six weeks.