China Mobile's 3G services doing well, says Nomura
HONG KONG (MarketWatch) — Nomura said Wednesday China Mobile Ltd.'s 3G services, based around a 1,000 yuan ($158.80) smartphone, appear to be gaining traction with new customers, based on impressions from a recent visit to Shanghai. The broker, reiterating its buy rating on China Mobile, discounted fears the firm's 3G offerings, based on an "inferior" homegrown Chinese technology standard known …
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