Chinese Government OKs Standard for Next-Gen Cellular Services

According to a report by a Communist Party newspaper, the Chinese government says that their proprietary standard for next-generation cellphone services is now ready. As a result, both domestic and foreign manufacturers will be able to apply for 3G licenses to build networks and establish services, which could mean a revenue goldmine from the world's largest cellphone market (350 million users and climbing). The government has said previously that it wants to have 3G services available before the 2008 Beijing Olympics.

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