Industry Development - Ministry of Industry and Information Technology (MIIT) issued satellite mobile communication business licenses to China Mobile and China Unicom, following China Telecom [1] - These licenses allow the companies to legally conduct services like direct phone-to-satellite communication [1] - The industry anticipates enhanced applications in emergency communication, maritime communication, and remote area communication [1] Market Reaction - China Unicom's stock price once rose by 4% following the news [1]