China Mobile to spend $6.7B on iPhone-ready 4G

China Mobile has announced plans to spend $6.7 billion on developing 4G technology this year, in anticipation of carrying the iPhone. While some expect the next iPhone to support China Mobile’s TD-LTE 4G technology, China Mobile also recently unveiled multi-band TD-LTE terminal devices that can support FDD-LTE, among other frequency bands. More than 10 million of China Mobile’s customers already own an iPhone, even though the carrier’s current technology doesn’t properly support the device. [via Reuters]

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