China hiked its investment in 5G networks to CNY190.5 billion ($26.6 billion) last year, local press reported, citing the latest official data from the Ministry of Industry and Information Technology.
China’s 5G investments increased by 5.7% last year versus the previous year, representing over 45% of the country’s overall investments in telecom fixed-assets. China’s total investment in 5G base stations has reached CNY730 billion last year, according to the report.
Chinese companies China Telecom, China Unicom, China Mobile and China Tower invested CNY420.5 billion in fixed assets last year, up 0.3% from the previous year, according to official data.
