Datang set to sell off T3G stake

Datang Mobile Communications Equipment is seeking to pull out of T3G Technology, one of the five major chip suppliers for mobile phones based on TD-SCDMA, a Chinese home-grown 3G (third generation) mobile telephony standard.

Datang Mobile, the second largest stakeholder of T3G, is putting its 32.11 percent stake on sale for 122.2 million yuan, according to a notice posted on the website of Beijing Equity Exchange.

The move comes on the heels of the collapse of Commit Inc, another major TD-SCDMA chipmaker, which has dimmed the prospects of TD-SCDMA.