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China's telecom companies plan hefty 5G investments

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BEIJING (Xinhua): China's four major telecom firms are planning to spend 197.3 billion yuan (US$27.8 billion) on 5G technology in 2020 as the country seeks to deploy 'new infrastructure' projects to offset the economic impact of the novel coronavirus outbreak.

Leading telecom operator China Mobile plans to invest around 100 billion yuan in 5G-related projects in 2020. - Reuters

Leading telecom operator China Mobile plans to invest around 100 billion yuan in 5G-related projects this year, more than 4 times the volume seen in 2019. China Unicom puts the 5G investment at 35 billion yuan, China Securities Journal reported. China greenlighted the commercial use of the superfast wireless technology in June last year, triggering a surge in consumer enthusiasm and an acceleration in industrial investment.

 

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