Investing

China To Revamp Its Entire Mobile Industry (AAPL)(CHU)(CH)(CHL)(MOT)(NT)(ERIC)

In a reorganization of China’s telecom industry, which would be almost unimaginable in the West, the country plans to merge two of its largest mobile companies, China Netcom (CN) and China Unicom (CHU). The new firm will be issued on of the three high-speed wireless licenses which the government plans to grant.

China’s two largest phone companies, China Mobile (CHL) and China Telecom, will receive the other two contracts.

According to Reuters, the 3G development will "unleash billions of dollars in spending for network gearmakers." Those companies would include Nokia (NOK), Nortel (NT), Ericsson (ERIC),and Motorola (MOT).

The news many also be a benefit to handset makers as they rush to offer products for the new 3G networks. Apple (AAPL) has still not found a home for the iPhone in China. More competition among carriers will give it a greater chance to strike a good deal. A new market could also give some aid to Motorola’s flagging handset sales and to rivals Samsung and Sony Ericsson.

Douglas A. McIntyre

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.