Chinese telecom operators speed up 5G investment

Consumers experience 5G mobile phones at a business hall of a China Mobile branch in Beijing, on Oct 31, 2019. - Xinhua

BEIJING (China Daily/ANN): Three major Chinese telecom operators -- China Mobile, China Unicom and China Telecom -- announced plans to pump up 5G investment in the second half of the year by furthering base transceiver station construction from urban cities to rural areas, according to the companies' recently released financial reports.

In the first half of 2020, total 5G expenditures by the three telecom operators reached nearly 88 billion yuan (us$12.72 billion), and the yearly budget in this area is estimated to exceed 180 billion yuan, Economic Information Daily reported.