(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.