“An Apple Inc. device resembling the iPhone 5 has received approval for a network access license in China, a regulatory website said Thursday,” Paul Mozur reports for MarketWatch.

“The phone is compatible with the network standard supported by China’s third-largest mobile carrier, China Telecom Corp., the regulator said, an indication the service provider is one step closer to offering the phone in China,” Mozur reports.

“Vendors in China often start selling new handsets within weeks of approval by China’s Telecommunication Equipment Certification Center,” Mozur notes.

Read more in the full article here.

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