China's Fixed-Line Fix telecom

The latest round of earnings from China's big telecom firms shows just how much the delay in 3G licenses is punishing fixed-line carriers.

For nearly three years, China Telecom (CHA - news - Cramer's Take) and China Netcom (CN - news - Cramer's Take) have been hoping for licenses that would allow them to start providing mobile service, offsetting weak revenue in their core land-line business.