Reports said on Wednesday that China Telecom Corp Ltd is planning to launch Apple Inc iPhone to its 106 million subscribers starting November this year.
This leap would actually help China Telecom, the smallest among the three Chinese telecommunications operators, to solidify their 3G market in China. Although the company operates the country’s largest fixed-line network, it is a newbie to the mobile market.
“The reason telecom operators are fighting for the iPhone business is because everybody is trying to grab as many 3G users as possible,” said Jane Wang, an analyst at UK-based research firm Ovum. “The only way to keep costs down is to build up such a user base.”
China Telecom’s shares, which have risen by about a fifth this year, extended earlier gains after Reuters exclusively reported the plan, rising as much as 5.5 percent to an intraday high of HK$4.95 and outperforming the Hang Seng Index’s 1 percent gain.
Furthermore, China Telecom said Wednesday that its president and CEO, Shang Bing, resigned to become the deputy minister of the Ministry of Industry and Information Technology.
Currently, China Unicom is the only operator that offers iPhone after signing a three-year agreement with Apple in 2009 which is not based on a revenue-sharing scheme, unlike the common deal Apple has in any of the countries that offer its popular iDevice.
In May, China Telecom’s chairman, Wang Xiaochu, told a news conference that the carrier had contacted Apple to launch the iPhone based on CDMA (code division multiple access) technology.
“It’s expected to happen this year. China Telecom already has the required technology and it all hinges on the content of the agreement. As we all know, it’s not easy to negotiate with Apple,” a source close to the company, speaking on condition of anonymity, told reporters.
It is expected that China Telecom will introduce the iPhone starting November. However, officials declined to comment on the rumor.
Check Out These Too:
- Unlocking the iPhone Unlocking the iPhone, or using the Apple's fans jargon, iOS iphone jailbreaking, is the process of removing any limitation to the use of an Apple's device. It allows you to…
- Is Apple Becoming More And More Pricey? As Apple gadgets advance in their quality and technology, it is said that consumers are also paying for what they're getting - even more! Apple wins consumers hearts over and…
- Spotify Plans to Steal iTunes Market Share There is no denying that iTunes has become one of the most popular innovations of the recent years and millions of people now use the service in order to discover…
- Samsung versus Apple - Samsung is Officially the… When you think of smartphones what phone is the first one that comes to mind? The odds are it's the iPhone, the Apple product that breaks sales records and engenders…
- iPhone 5 Release Date in UK iPhone 5 Release Date UK Well everyone who is Apple lover and who is having craze of iPhone is waiting for iPhone 5 Release Date. We have heard many rumors…
- Latest Update on Next Apple iPhone 5 Previously, when Apple has released new products such as the iPhone 4s or the iPad 3 device, we have seen people queuing up at their shops for hours in advance.…
- Why Apple Steer Clear of AT&T If you have owned one of Apple’s beloved iPhone devices at some point in the past in the United States, then there is a chance that you will have had…
- VERIZON IPHONE RELEASE DATE VERIZON IPHONE RELEASE DATE. Apple has recently launched the 4G version of the extremely popular iPhone worldwide. iPhone 4G sold like hot cakes around the world right upon its arrival.…
- iPhone 4 Available from China Unicom Today For current users of the iPhone 4 in China, or those who live in the country and were thinking about getting one of the new devices, this could be great…
- Apple Advancing Into Business Sales Apple is yet again showing significant improvement where it counts, business and enterprise development and sales. Apple is still being beaten dramatically by Windows but the fact that Apple OSX…
- T-Mobile MMS Settings for IPhone T-Mobile is considered to be one of the biggest companies that provide telecommunication services to all people. It is a holding company based in Germany which has also lots of…
- HP Take on Apple in Tablet Market One of the most innovative and successful products that has been released in the past year has been the Apple iPad device. This has completely changed the way that we…
- How To Play Facebook Games On iPad? How To Play Facebook Games on iPad? Today, people have only two obsessions. One is to own an iPad, and the other is connecting with friends and family via Facebook.…
- Unlock iPhone 4s in Seven Easy Steps Unlock iPhone 4s in Seven Easy Steps So you’ve finally decided to learn how to unlock iPhone 4s. Chances are you’ve been told that you can break free from the…
- Free VPN for iPhone Free VPN for iPhone - There are many reasons to want to use a VPN app on your iPhone. Maybe you want to keep your privacy while you're online, or…
- iPhone Nano makes its appearance again among rumors After a period of rumors about a supposed new iPad Mini and iPhone 5 we are coming back to a product less likely to be produced comparing to the 2…
- Apple Smart TV Apple is constantly entering new markets and they are known as being one of the most innovative and forward thinking companies in the world. Now, it is thought that Apple…
- Apple Showing Promise in Growth Forecast According to analyst Apple is going to continue growing in the coming months and next year, the interesting part is how fast they're expecting Apple to grow. Many analysts believe…
- iPhone 4S Production Shifts to Brazil For quite some time Apple has been working diligently to convince their manufacturer, Foxconn, to move production to the newest manufacturing plant in Brazil and it seems that may have…
- Amazon to release iPad rival in October The Wall Street Journal (WSJ) reported Wednesday that Amazon, online retail titan, is going to release an ultimate rival to Apple's iPad. In a bid to carve a good part…
- Apple Thought to have bought iCloud.com There has been rumour for a while now that Apple is planning to release their own cloud music sharing service that would allow songs and other files to be shared…
- Acer Boss Quits Because of Apple iPad Tablet The boss of the computer manufacturing company; Acer, has resigned from his position at the top of the company. Acer is the second largest computer manufacturer in the world after…
- Apple opens online store in China Apple is one of the largest manufacturers of electronic equipment in the world and they are well known in countries such as the UK and the United States for actually…
- Why Does Nokia Sell More Phones Than Apple? If you compare Nokia and Apple you would naturally think that Apple and its iPhone is more popular than Nokia. You would also have to reconsider once you looked at…
- Apple beats Blackberry in Smartphone sales For a long time now, Blackberry has been one of the most popular Smartphone’s on the market and they are manufactured by a company named RIM. One of the things…
- Apple Planning to buy Memory Chip Company Apple is apparently in the process of acquiring another new company which will likely help boost the company in a variety of different ways. Apple has always been working hard…
- Apple set to buy Netflix Apple already has a huge range of products under its belt and they offer some of the best products around at the moment. The iPhone and iPad are some of…
- Tablets sales increased by 124% in first quarter and… The entire tablet segment is pushed from behind by iPad, that's for sure and with a new Apple tablet model launched in March, it was obvious that the entire area…
- Queen of England Wants iPad 2 Apple’s iPad has been one of the biggest selling products for the company yever and it is the second egenration of the original iPad product that completely changed the computer…
- Apple See’s Huge Profits but Shares Fall Apple, the company behind many popular electronic devices including the iPhone and the iPod Touch devices has seen a huge boost in profits. The company posted their results for the…