Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

China Mobile signs deal with Apple to offer iPhone: WSJ

[December 05, 2013]  HONG KONG (Reuters) — China Mobile Ltd <0941.HK>, the country's largest mobile operator, has signed a long-awaited deal with Apple Inc to offer iPhones on its network, the Wall Street Journal reported on Thursday, citing an anonymous source familiar with the matter.

The news comes a day after China's Ministry of Industry and Information Technology issued 4G licenses to China Mobile, China Unicom <0762.HK> and China Telecom <0728.HK> in another widely expected move.

The rollout of iPhones by the world's largest mobile carrier by users, with more than 700 million subscribers, is expected to start around the time of a December 18 China Mobile conference in the southern city of Guangzhou, according to two people familiar with the carrier's plans, the newspaper reported.

Officials with Apple and China Mobile declined to comment. China Mobile is one of the world's last major carriers that does not offer the iPhone. The company has trailed behind its smaller rivals in attracting users to its home-grown 3G standard due to its poorer network service.

At 0200 GMT, China Mobile shares in Hong Kong were up 1 percent, while smaller rivals China Unicom was up 1.3 percent and China Telecom inched up 0.4 percent.

[© 2013 Thomson Reuters. All rights reserved.]

(Reporting by Clement Tan in Hong Kong and Paul Carsten in Beijing; editing by Anne Marie Roantree and Matt Driskill)

Copyright 2013 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.