Has China Mobile been screwed by the 3G-deal ?

by genta_hgr via FlickrMore details and analysis are merging on the reform of the telecom industry in China, like here at the Digital Watch. Especially the deployment of the third generation mobile phone (3G) has all the trademarks of a compromise, with all the disadvantages of it.
The three new telecom companies will each get a license for a 3G network. Plus8Star has the most thorough overview:

There will be three 3G licenses issued (CDMA 2000, WCDMA, TD-SCDMA) for three operators (China Telecom, China Unicom, and China Mobile).

It looks that the merged China Netcom and China Unicom are going to keep China Unicom as a collective brand name, which would make sense, since the latter one has more name on mobile communication and that is going to be the key section of the industry in the coming decade.
So, China is going to roll out three 3G-systems, that is like building three sewage systems. Under 2G or the European GSM or the American CDMA were picked by a country and the infrastructure was focused on that.
By rolling out three systems, there will be a massive destruction of capital (but I do not think the foreign telecom companies will complain about that), while it is very unclear whether exchange between the three systems will be possible, especially outside China.
China Mobile, now the most powerful of the telecom companies, seems to have gotten the worse deal with the China 3G-system of TD-SCDMA. It has to invest much into building a new system, where it would have preferred to build upon the existing GSM-network. The number of mobile handsets will be limited and its customers will most likely not been able to use them outside China. Interesting times.