News: Apple Secures China Mobile Network License (good for MSPD)
Apple Secures China Mobile Network License
PAUL MOZUR, WSJ, Sept. 11, 2013
BEIJING—A Chinese regulator gave the final license necessary for Apple Inc.'s AAPL -2.33% iPhone to run on China Mobile Ltd.'s 0941.HK -0.80% mobile network, another indication the world's largest wireless operator will soon be releasing an iPhone for the first time.
The approval marks the imminent opening of a huge new market for Apple. China Mobile, which has more than seven times the subscriber base of the U.S.'s largest wireless operator Verizon Wireless with 700 million users, has been unable to officially sell the iPhone in the past due to a proprietary network standard in China.
According to the website of China's Telecom Equipment Certification Center on Wednesday, Apple received a "network access license" for a handset resembling the iPhone that runs on the mobile standards used by China Mobile for third- and fourth-generation cellular services. Other licenses were given to Apple for handsets running the technology used by both China Unicom Ltd. 0762.HK +1.46% and China Telecom Corp. CHA +0.49%.