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对中国移动来说,4G业务投资具有战略意义,它可使中国移动进入5G或更高技术领域。毫无疑问4G业务具有实物期权特征。文章以B-S模型研究4G业务对中国移动的价值。
For China Mobile, the 4G business investment is of strategic importance, enabling China Mobile to move into 5G or higher technology. There is no doubt that 4G business has the characteristics of real options. The article uses the B-S model to study the value of 4G services to China Mobile.