Two important news about China wireless arena yesterday.
1) China Mobile finally started the long awaited trial of TD-SCDMA 3G network (read Chinese news story 1 , and 2 from XinhuaNet). Some features of 3G include the video conference/phone, TV program, etc.
2) The new (lower) roaming fees takes effect.
I think 2) may have slightly negative effect on CHL’s earning, while 1) is insignificant and we will not know the success of 3G/TD until 2009/10.
(Picture from XinhuaNet: people are lining up for 3G phones)
Valuation