China Mobile Touts 4G Despite Skeptical Investors
China Mobile Ltd. (CHL) has begun pushing the development of a new high-speed fourth-generation wireless network, but many Chinese venture investors who would finance the development of applications for the platform are skeptical of its prospects.
Beijing-based, state-owned China Mobile is the leading wireless service in China and boasts the greatest number of mobile subscribers, with 522 million customers as of Dec. 31.
In mid-January, China Mobile said it would begin the rollout of its 4G network at the Shanghai Expo in May. The company said it would run trials for users from May to October.
