Overnight China announced it will be issuing a second round of 4G licenses nationwide. The move comes on China’s push to develop its 4G coverage while fostering more competition.
No, not a $199 ASP phone for China and no, not China Mobile reporting record ARPU’s on usage, but yes, China is finally really moving the needle.
Some of the Apple (AAPL, quote) food chain names saw pop last night as China Mobile (CHL, quote) posted a notice on their website (which they later removed) they would be taking preorders for iPhones from 12th Dec. Smartphone demand is massive in China but just not sure this is the market for Apple.
Watch for a big bounce in the emerging markets vs. domestic markets indexes today as suddenly the view is China is making major structural changes towards a market economy.