Sunday, December 22, 2013

China Mobile Offers Consumers Bandwidth Trading

Tired of trading Bitcoins? Residents of Hong-Kong can sell and buy LTE bandwidth.

Telecom Lead reports that "China Mobile Hong Kong announced a faster 4G LTE network from Hong Kong to Kowloon station will be available by mid-February 2014. 4G LTE coverage will be extended to other MTR stations.
  • Through 1cm [see screenshot] app and website, customers can check their data usage balance as well as adjust and pre-set a data usage cap to avoid additional charges. Customers can upgrade their service plan if they discover that their data usage exceeds their plan’s limit".
  • Through 2cm app, China Mobile Hong Kong 4G Pro Service Plan customers can buy and sell data. Data can be traded in units of 1GB and each customer can set their own price per unit, between HK$15 to HK$60. Through the 2cm platform, users can check data transaction status, adjust prices and numbers of new orders at any time. The platform will automatically search for, match and notify 4G data sellers once a 4G data buyer is found. Extra data bought from other 4G Pro users can only be used during the same billing month. For each transaction China Mobile Hong Kong will charge data sellers an administration fee of HK$15 for each gigabyte of data from their bills of the following month. Similarly, revenues received from selling the extra data will also be deducted from the following monthly bill payment and fees incurred from additional local data usage. Yet, the remaining amount cannot be carried forward to the next billing month".
See "4G - A New Dream (AND) for China Mobile" - here.


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