China to invest $US58 billion in 3G

3G expected to account for half of all mobile phone subscribers in China within five years.

After the approval of the issuance of 3G licenses earlier this year, China confirms it will invest RMB 400 billion ($US58.82 billion) in 3G over the next three years.

According to a recent report by Shanghai Daily, the Ministry of Industry and Information Technology was quoted as saying that the investment will allow all cities and most counties in the country to have 3G mobile network coverage.

3G is expected to have a rapid uptake in China. A source is quoted in the report as saying that the number of 3G users will account for half of all mobile phone subscribers in the country within five years.

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