China Telecom to migrate to LTE withing next three years
By Dusan Belic on Sunday, June 8th, 2008 at 4:15 PM PST In General
China Telecom plans to migrate its newly-acquired CDMA mobile operation to LTE technology within the next three years. According to the company’s CEO Wang Xiaochu, the operator will initially focus on rolling out EV-DO Rev. A in key cities before moving to LTE “in two to three years’ time.”
Earlier we reported that China Telecom will acquire China Unicom’s CDMA business for around $16 billion as part of a widespread restructuring of China’s telecoms market. The deal marks China Telecom’s first entry into the mobile market, which will have a combined (fixed-line and mobile) subscriber base of 256 million, following the acquisition. China Unicom/Netcom has 251.2 million subscribers and the market leader China Mobile (NYSE: CHL) tops at 369.3 million.
In terms of revenues, China Telecom will have combined revenue of 178.7 billion RMB, while China Unicom/Netcom and China Mobile have revenues of 145.3 billion RMB and 357 billion RMB, respectively.
[Via: commsday.com]
