China Telecom will adopt a cautious approach to the introduction of its 3G mobile network once it has received its license, state-run Xinhua News Agency reported. Industry watchers had previously speculated that China Telecom were planning to spend RMB90 billion (US$10 billion) on the construction of a nationwide 3G network, using WCDMA technology.

China Telecom’s president and chief operating officer, Chang Xiaobing, said that his company’s 3G capital expenditure will be substantially lower than the amount than expected by the market, reported China Radio International. Full story Here.

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Domestic activities continue to set the pace, and sharp players are looking at global markets. We have hard-earned industry expertise and trusted network of contacts with access to advanced intell. and potential deal flow. Need a lift.. Ok, buckle-up!