China Telecom Chairman: ‘We have a confidential agreement with Apple’

“China Telecom Corp Ltd., the smallest of the country’s three telecommunications carriers, is still in talks with Apple Inc to carry its iPhone, targeting growth in high-end users,” Lee Chyen Yee and Huang Yuntao report for Reuters.

“China Telecom, which competes with China Mobile Ltd and China Unicom, would only increase handset subsidies if it started selling iPhones to draw more users to use its network, Chairman Wang Xiaochu said,” Yee and Yuntao report. “‘We have a confidential agreement with Apple and can’t tell you anything as of now,’ Wang told a news conference after the company announced its first-half results.”

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Yee and Yuntao report, “China Unicom is the only carrier selling the popular iPhone in China, the world’s largest mobile phone market, although the two other operators have been aggressively negotiating with Apple to be next.”

Read more in the full article here.
 

[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]

12 Comments

  1. reuters, like all WS rags, had the headline china telecom still in talks, to downplay the significance. They are already in their update-1 regurgitation to bury bloombergs mistake of a more positivehealine. Bet you all the payola media will do the same.

        1. Yeah, to breeze, anyone who isn’t a confirmed marxist is obviously a scumbag and no proof is required. It’s like a tenant of breeze’s religion or something.

          Bloomberg is rich, QED.

      1. wait Frederico, let me handle this….. I’m pretty sure he has evidence for the accusations, the insults we’re still working on–and no he’s not nasty by nature–more “naughty” at best and andeffutflint – don’t you have a small check to cash at the liquor store or something?

  2. This reminds me of how Verizon warmed up to Apple after AT&T had the iPhone contract.

    The 2 bigger cell phone players in China now have to sign on with Apple’s and Steve Jobs terms now! Now Apple has the upper hand in China. Well played Apple!

  3. I’m a bit more interested in seeing Apple getting on China Mobile’s network although I’ll settle for just about anything that will increase iPhone sales in China. Even three or four million iPhones per quarter will do.

    Wall Street doesn’t seem to be cutting Apple any slack even though Apple is making a killing with MacBook Airs, iPads and iPhones. Amazon, Netflix and Google are just smoking Apple today although I’m not sure why.

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