China iPhone talks halted

p2pnet news | Mobiles:- The ChiPhone is not to be, it seems.
China Mobile says it’s halted talks with Apple to introduce the iPhone in China.
The problem?
Differences over revenue sharing, says China Daily.
"Any deal needs compromises and I think the reason for the breakdown of talks between China Mobile and Apple was that both sides were not willing to make one," and the story hasYu Yang, president of Analysys International, a domestic research firm focusing on the telecom industry, saying.
"Gao Jianshu, director of China Mobile’s data services, said in an industry forum on Saturday that China Mobile had rejected Apple’s proposal of sharing 20 to 30 percent of China Mobile’s revenues from iPhone users, according to Sina.com," says the story, going on:
"But he had said the two companies were preparing for the next round of negotiations."
Talks began with China Mobile in November.
But Chinese Macolytes may yet have a chance to buy a unit. after iPhone made a spectacular debut in the US. But the company’s insistence on sharing revenue with cellphone operators that may benefit from
"I think Apple may be looking for opportunities after the restructuring of the telecom industry is completed," China Daily quotes Yu as stating.
Also See:-
China Daily - iPhone talks break down, January 15, 2008
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