China keeps 3G schedule on hold

China has no timetable for issuing third-generation mobile telephone licences, a senior regulator announced on Thursday, saying 3G services still lacked a clear business model.
The comments by Lou Qinjian, vice-minister of information industry, make clear officials are in no rush to introduce 3G wireless services in one of the world’s most important markets for telecoms equipment.

I am impressed, somebody with a great pragmatic idea. Why give away expensive and valuable public assets such as spectrums when it is unclear whether the firms will make money out of it or not? The country has learnt from the example of how the European firms overbid for the licenses few years ago or the absolute chaos in India.

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