China Telecom has started preparations for the launch of the iPhone 5, according to a new report. Citing a company insider, CapitalVue reports that the company has told provisional branches to begin staff training, amongst other preparations, and will “at the earliest” begin to accept orders at the end of September. The report goes on to say that Telecom is planning to spend 1.5 billion yuan (roughly $234.5 million) on a marketing blitz…