China is starting another goal that has been cherished for a long time, which is operating high-speed telecom services. China Mobile has dished out over $4 billion of deals and smaller rival Unicom is hoped to win a 3G license soon.

But analysts continued to warn that in such a worsening economy, carriers and investors should not expect quick returns with consumers after investing billions of dollars.

The world’s largest mobile provider, China Mobile, is now planning to acquire dual-band cellphones with Motorola and Sony-Ericsson. This kind of cellphones is expected to be used on China’s homegrown third-generation wireless standard, known as TD-SCDMA.

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3G, China, deals, economy, investment, pace, service