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BEIJING-China’s Minister of Information Industry Wu Jichuan told reporters at the annual session of the National People’s Congress (NPC) that his ministry has no plans to issue new mobile licenses this year.
Only two operators, China Mobile and China Unicom, are licensed to operate mobile services in China, but China Telecom, the country’s major fixed-line operator, is also eager to expand into cellular services ahead of an initial public offering (IPO) abroad. The company wants to raise US$8 million to US$10 million in what would become Asia’s largest-ever IPO outside Japan.
