PCCW Eyes 3G in China
PCCW Eyes 3G in China

PCCW Eyes 3G in China

PCCW Eyes 3G in China

PCCW Chairman Richard Li, who negotiated a $1-billion investment from China’s second-largest phone company, plans to start businesses including broadband television and 3G mobile services in mainland China to make up for slumping Hong Kong sales.┬áChina is planning to issue licenses to operate 3G networks and Li said there is “a good chance” China Network will win a permit and that regulators will allow PCCW to take a 49-percent stake in cell phone ventures.

China had 330 million cell-phone and 313 million fixed-line subscribers at the end of November, more than the population of the U.S. The country’s broadband Internet subscribers doubled to 26.3 million last year, according to Beijing-based market research firm BDA China Ltd.

China has yet to demonstrate that it is opening its telecommunications market, which had total sales of $70 billion in 2004, according to BDA managing director Duncan Clark. So far only AT&T Corp., which bought a minority stake in a mobile operator in Shanghai’s Pudong district, has entered, he said. Full Story.