Hong Kong-listed shares of fixed-line operators China Netcom and China Telecom jumped 11% and 8%, respectively, despite both firms reporting heavy declines in subscribers, following a media report saying the government will grant the telecoms 3G licenses "at an early date." Separately, shares of China Mobile rose 2%, as the company said it added a record 6.6 million new subscribers in October, increasing its total subscribership to 356.3M.

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