New World Mobility Confirms its Withdrawal from 3G Auction

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New World Mobility Confirms its Withdrawal from 3G Auction

New World Mobility (NWM) confirmed that it has not submitted an application for 3G license today after serious consideration of the local mobile market environment. 

New World Mobility will consider to pursue a MVNO strategy for 3G services and direct its resources to enhancing and developing rich-content and innovative data and voice services that meet customers' daily needs. NWM believed that MVNO could provide a cost-effective access to 3G networks.