China Mobile expecting 70 million 5G subscribers in 2020

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China Mobile, the world’s largest mobile provider by subscribers, expects to sign up 70 million 5G subscribers and sell 100 million 5G devices in 2020, China Daily writes.

The company, which launched commercial 5G services in October this year, has also lined up investment of CNY20 billion (USD2.85 billion) next year to support the development of the 5G ecosystem. The spend forms part of the operator’s wider plan to invest at least CNY100 billion into key areas of 5G cooperation over the next five years.

Company chairman Yang Jie was cited as saying that Mobile would focus on building its standalone 5G network and integrate 5G with artificial intelligence and other new technologies. China Mobile’s 5G network currently comprises over 50,000 base stations in 50 cities.

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