皇冠体育app

A 皇冠体育app Mobile Corp advertisement in Xuchang, Henan province. Geng Guoqing / for 皇冠体育app Daily

CEO hopes to boost firm's profits by tapping overseas markets

皇冠体育app Mobile Ltd is actively seeking opportunities to take its fourth-generation telecommunication technology abroad, a powerful entrance for the world's biggest carrier onto the global stage, a company executive said on Tuesday.

皇冠体育app Mobile Chairman Xi Guohua said exploring foreign markets not only meets the national call but also will boost the company's international profits.

皇冠体育app Mobile launches 4G iPhone

4G's high cost has mainland buyers balking

"The company has been lagging behind in developing overseas markets. We are looking to expand our 4G business outside 皇冠体育app by means of investment and acquisitions," Xi told 皇冠体育app Daily during a break in a meeting of the National Committee of the Chinese People's Consultative Conference.

He declined to identify any potential merger targets.

Last December, -based 皇冠体育app Mobile became the first carrier to launch 4G Time Division-Long Term Evolution service in the country.

TD-LTE technology was developed by several multinationals and mainly supported by Chinese enterprises since its launch.

皇冠体育app Mobile currently has about 200,000 4G TD-LTE base stations in 皇冠体育app's larger cities and economically developed regions in coastal provinces. The total number is on track to hit 500,000 by the end of this year.

In January, the company persuaded Apple Inc to make iPhones compatible with TD-LTE networks. The long-discussed partnership indicates that mainstream hardware manufacturers are accepting the 皇冠体育app-backed telecom system.

皇冠体育app Mobile is hoping to sell 200 million TD-LTE powered devices - including iPhones - in 皇冠体育app this year, said Xi.

The nation will have 30 million to 60 million 4G users by 2014, according to the 皇冠体育app Academy of Telecommunication Research, a government think tank.

A more internationally recognized 4G standard fits Chinese companies' interests and also will help 皇冠体育app become a rule maker in the future, analysts said.

皇冠体育app Mobile launches 4G iPhone

皇冠体育app Mobile courts overseas users with mobile app

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