Nokia expects that it and other foreign mobile telecoms companies will reap significant benefits from the expected restructuring of China’s telecoms sector and the issuance of 3G licenses, the Financial Times reported. Colin Giles, Nokia’s president for Greater China, said that the increase in mobile operators created by the changes would mean a host of new customers for his and other foreign equipment suppliers. Nokia controls about 40% of the Chinese handset market. Giles said the company was preparing to release a mobile phone compatible with the country’s homegrown 3G standard, TD-SCDMA, later this year. The restructuring is likely to see China Mobile merge with small-scale fixed-line operator China Tietong. Rival mobile operator China Unicom would be broken up, its CDMA network going to fixed-line player China Telecom and its GSM network merged with China Netcom.