Thursday, August 15, 2013

Reuters: Technology News: New iPhone, 4G technology may mean Apple, China Mobile tie-up closer

Posted by Isabella on 3:04 AM

Reuters: Technology News
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New iPhone, 4G technology may mean Apple, China Mobile tie-up closer
Aug 15th 2013, 09:38

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A sign with the logo of China Mobile at a downtown area of Shanghai October 22, 2012. REUTERS/Carlos Barria

A sign with the logo of China Mobile at a downtown area of Shanghai October 22, 2012.

Credit: Reuters/Carlos Barria

HONG KONG | Thu Aug 15, 2013 4:49am EDT

HONG KONG (Reuters) - China Mobile Ltd, the world's biggest mobile carrier by subscribers, said its talks with Apple Inc have been progressing smoothly and both sides are positive about reaching a possible agreement, Chairman Xi Guohua said on Thursday.

"Both sides sounded keen (during recent talks)," Xi told a news conference after announcing the company's first-half results.

With Apple expected to unveil its next iPhone next month and China Mobile expected to get a 4G license this year, the time appears ripe for the two giants to finalize a deal, analysts said.

During the conference, CFO Xue Taohai also said the carrier spent 14.2 billion yuan ($2.32 billion) in handset subsidies in the first half, up 2.2 billion yuan from the same period a year ago.

(Reporting by Yimou Lee and Lee Chyen Yee; Editing by Matt Driskill)

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