Well, that was quick.
Not even a full day after discussing the possibility of China's No. 3 carrier, China Telecom
No pricing details were mentioned, but the device's debut on the carrier is pegged "by the end of February, or at the beginning of March." The iPhone has now cleared all three regulatory hurdles to launch on China Telecom.
The first was cleared earlier this month, inching Apple closer to dominating China, followed shortly by the Telecommunications Equipment and Certification Center's sign off. The third and final clearance was met just yesterday, evidence of how quickly the carrier is moving to get the iPhone up and running on its network.
China Telecom has been bleeding subscribers to No. 2 China Unicom
Both carriers still lag top dog China Mobile
The iPhone 4S launched in the nation just a couple of weeks ago, and the event didn't go all that well, with rioters, scalpers, and egg-throwers on the scene. Apple has since implemented a new lottery system for iPhone reservations in Hong Kong to battle ambitious scalpers, who use automated systems to snap up all reservations and then hire migrant workers, who are transported in from afar, to stand in line to do the actual waiting.
Adding another carrier should hopefully alleviate some of the retail strain through expanded distribution. Now there's just a single obstacle left.
Two down, one to go. Next stop, China Mobile.
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Fool contributor Evan Niu owns shares of Apple and AT&T, but he holds no other position in any company mentioned. Click here to see his holdings and a short bio. The Motley Fool owns shares of Apple and China Mobile. Motley Fool newsletter services have recommended buying shares of China Mobile and Apple. Motley Fool newsletter services have recommended creating a bull call spread position in Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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