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China’s Mobile Carriers Double Down on 5G

2020年03月24日 20:35 来源于 财新网
China Unicom, China Telecom and China Mobile all earmark big sums on investing in next-gen wireless infrastructure
China Unicom’s stock closed up 10.29% at HK$4.50 ($0.58) on Tuesday in Hong Kong. Shares of China Mobile and China Telecom rose 6.09% and 8.57% respectively on the day. Photo: VCG

(Hong Kong) — Despite the hit China’s economy is taking from the coronavirus pandemic, the country’s mobile carriers are set to scale up investment in their next-generation telecom networks.

China Unicom plans to increase this year’s capital expenditure by 24% to 70 billion yuan ($9.86 billion), with half earmarked for 5G, according to its latest annual report, released Monday. That’s almost two-and-a-half times more than what it invested in 5G in 2019.

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