BEIJING--A Chinese regulator gave the final license necessary for Apple Inc.'s (AAPL) iPhone to run on China Mobile Ltd.'s (CHL) mobile network, another indication the world's largest wireless operator will soon be releasing an iPhone for the first time.

The approval marks the imminent opening of a massive new market for Apple. China Mobile, which has more than seven times the subscriber base of the U.S.'s largest wireless operator Verizon Wireless with 700 million users, has been unable to officially sell the iPhone in the past due to a proprietary network standard in China.

According to the website of China's Telecom Equipment Certification Center Wednesday, Apple received what's called a "network access license" for a handset resembling the iPhone that runs on the mobile standards used by China Mobile for third and fourth generation cellular services. Other licenses were given to Apple for handsets running the technology used by both China Unicom (Hong Kong) Ltd. (0762.HK) and China Telecom Corp. (0728.HK).

Vendors in China often start selling new handsets within weeks of approval by the regulator. Apple said during the release of the new iPhones on Tuesday that the products would go on sale in China on Sept. 20, the same time they do in the U.S. Analysts expect the phones to be supported by China Unicom and China Telecom, but there has been no word from Apple as to whether China Mobile would offer the new iphones.

Apple and China Mobile weren't immediately reachable for comment.

People familiar with the matter told The Wall Street Journal last week that Apple is scheduled to ship a cheaper iPhone to China Mobile.

A deal between China Mobile and Apple would cap years of negotiations between the two companies. Due to China Mobile's rarely used mobile standard, Apple has declined to make an iPhone that is compatible with China Mobile's third-generation network, which offers speedy wireless download rates. Though some customers have nonetheless bought the phone and used it with the company's second-generation cell network, many others have opted for phones that work better with China Mobile's services.

"Apple carries enormous cache in China and the bulk of these high-end subscribers remain on China Mobile due to the lack of mobile number portability," HSBC analyst Tucker Grinnan wrote in a Tuesday note, adding that the iPhone will allow China Mobile to raise revenue and retain high-end customers.

In some major cities like Beijing and Shanghai, China Mobile's rivals have seen an upswing in customers thanks in part to their ability to offer the iPhone. But China Mobile remains the titan of China's carriers, and has massive sway in second-tier cities.

Apple's sales in Greater China fell 14% from a year earlier to $4.6 billion during its fiscal third quarter ended June 29. In the June quarter, Apple's China market share fell to 5%, ranking it seventh behind market leader Samsung, which had 18%, and a cluster of domestic manufacturers such as Lenovo Group Ltd. and Huawei Technologies Co., according to data from research firm Canalys.

China represents a significant growth opportunity for Apple, a comment Chief Executive Tim Cook made in April citing the large number of potential first-time smartphone buyers there. At the time, Apple has also pledged to double the 11 stores it has there in less than two years.

Analysts say that releasing the iPhone through China Mobile will help Apple gain back some market share.

In the past, the Chinese regulatory approval has not come until more than a month after the global release of the new iPhones. The speedy approval process for the new phones is a tentative indication of improved relations between the company and the government. Earlier this year, Apple was criticized by state-run media for its after sales policies, ultimately leading Chief Executive Tim Cook to issue an apology letter to customers in China.

The regulator also announced licenses for the iPhone on technology supported by China's two other major carriers, China Unicom and China Telecom, marking the first time in China that all three major carriers will be able to offer the iPhone on their disparate networks.

Write to Paul Mozur at Paul.Mozur@wsj.com

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