By Sarfaraz A. Khan and Gohar Yousuf
Last week, Wall Street Journal, citing an unknown source, revealed that Apple (AAPL) has finally signed its landmark deal with the world’s biggest telco China Mobile (CHL) which would give Apple access to hundreds of millions of additional customers. Neither Apple, nor China Mobile has officially confirmed the deal. This comes after China’s Ministry of Industry and Information Technology gave permission to China Mobile, China Unicom (CHU) and China Telecom (CHA) to operate LTE/fourth generation digital mobile telecommunications (TD-LTE) business.
With these developments, China Mobile looks all set to launch its commercial 4G services in China on December 18 under the brand name “He”. However, rumors abound that China Mobile will officially launch the two new iPhones on this date.The market dynamics of the country's telecommunication industry are quickly changing and it appears that China Mobile, whose recent quarterly results failed to meet market's expectations, could emerge as the biggest beneficiary of this change .... read full article at GuruFocus