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Vodafone, China Mobile withdraw Myanmar licence bid

2013-05-31 02:00:00| Total Telecom industry news

Telcos say licence conditions did not meet their 'strict' investment criteria.

EC approves investigation of China mobile sector subsidies

2013-05-15 16:46:00| Telecompaper Headlines

(Telecompaper) The European Commission has agreed to a request from trade commissioner Karel de Gucht to start an investigation into alleged price dumping and illegal subsidies by the Chinese government for its makers of mobile network equipment. In a statement, De Gucht said the investigation would not start immediately, in order to give time for negotiating an "amicable solution" with the Chinese authorities. According to recent media reports on the issue, Chinese manufacturers such as ZTE and Huawei are suspected of receiving beneficial financing from Chinese state banks, allowing them to absorb losses from price-cutting on the European market. Rivals based in Europe, such as market leader Ericsson, have cautioned the EU against starting a trade war, amid fears this could impact the sector's growing business at Chinese mobile operators. According to the EC, imports of Chinese mobile network equipment are worth just over EUR 1 billion a year in the EU. The investigation was launched on the EC's initiative, without receiving any complaints from industry players.

Tags: china mobile sector investigation

China Mobile beefs up supervision after audit finds accounting problems

2013-05-10 11:00:52| Wireless - Topix.net

China Mobile Ltd's Hong Kong shares, valued at more than US$220 billion, traded flat in late trade, slightly outperforming the Hang Seng Index's 0.07 per cent fall China Mobile Ltd, the world's biggest mobile operator by subscribers, said its unlisted parent is beefing up its internal supervision after a government audit office highlighted problems ... (more)

Tags: china problems mobile accounting