中国移动通信业管制趋势分析（英文版）.pdf32

Section 1: Investment case ..................................................................................3
Section 2: Underlying trends ................................................................................5
— 1) Turning the sector into a FX earner .......................................................5
— 2) Independent regulation ..........................................................................8
— 3) New emphasis on basic services & West China ...................................9
— 4) Adopting to global norms in regulations...............................................11
— 5) Less relative support for the mobile sector..........................................13
— 6) Support for CDMA................................................................................14
Section 3: Results ..............................................................................................16
— 1) Recent increase in spectrum fee .........................................................16
— 2) Possible four new 3G licenses.............................................................18
— 3) Establishment of a USO fund ..............................................................18
— 4) Potential for more a stringent radiation standard.................................21
— 5) Potential imposition of CPP .................................................................24
— 6) Increasing support for China Telecom’s PAS......................................25
— 7) Less mobile tariff regulations ...............................................................26
— 8) Promoting import substitution ..............................................................27
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