Two years back China Mobile bought Paktel for US$460 million. That was a legitimate transaction. Last week two Chinese nationals were arrested while the authorities busted a bypass den at Islamabad. They have been allegedly the partner of an “influential Pakistani” in this illegal venture. It claims to have caused an estimated six billion rupees (US$74 million) loss to the exchequer.
China’s telecommunications supervisor on Wednesday issued long-awaited third-generation (3G) mobile phone licenses to three mobile operators, a move that is expected to lead to billions of dollars being invested in building new networks. The Ministry of Industry and Information Technology (MIIT) said China’s biggest mobile operator, China Mobile, was awarded a license for TD-SCDMA, the domestically-developed 3G standard. The other two main carriers, China Telecom and China Unicom, received licenses for the US-developed CDMA2000 and Europe’s WCDMA, respectively. The 3G high-speed networks can handle faster data downloads, allowing handset users to make video calls and watch TV programs. Read the full story in China Daily here.