China’s Efforts To Rapidly Build Its 4G Network Is A Boon For Struggling Telecom Gear Makers

TechCrunch

The Chinese government will reportedly begin issuing 4G licenses (link via Google Translate) by the end of this year or early 2014 at the latest, following news that China Mobile is set to take construction bids for its 4G network as soon as this month. The country’s efforts to build out its TD-LTE network as quickly as possible is a potentially lucrative opportunity for telecom equipment makers, which have been hurt by the sluggish global economy.

In addition to domestic operators like Huawei and ZTE, foreign telecom equipment and chip makers hoping to peg their growth to the expansion of China Mobile’s 4G network include Ericsson, Nokia Siemens, Alcatel-Lucent, Qualcomm and Samsung Electronics.

China Mobile said last month that it will spend 190.2 billion yuan ($30.1 billion) on its networks this year, with about a quarter of that amount earmarked for TD-LTE technology. The company, the world’s biggest telecom operator…

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