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Strategy Analytics: Large Scale 5G Rollout in China to Boost Infrastructure Vendors Performance

Strategy Analytics: Large Scale 5G Rollout in China to Boost Infrastructure Vendors Performance
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CHLKF Stock Price, China Mobile Stock Quotes and News

Benzinga - 2 days ago China Mobile is not only the largest telecom operator in China by the number of mobile subscribers (946 million), but also the largest in the world. It has 59% of the total wireless market in China and also has 44% of the fixed line broadband market. The firm is also now continuing to roll out its 5G network, having launched 5G service in late 2019. It will be doing some 5G network sharing with China Broadcasting Network at 700 MHz and will also resell its 2G/4G/5G network through China Broadcasting Network. Read More

China Mobile warns of mounting 5G costs

China s biggest operator has warned investors that its costs are about to rise at relatively high rates after its frenzied rollout of 340,000 5G basestations last year. China Mobile said it was under pressure to make other cutbacks to cope with the increase in electricity fees and depreciation charges in 2020. The state-controlled operator provided no further details after reporting a 9.5% year-on-year increase in sales, to 198.4 billion Chinese yuan ($30.6 billion), for its first quarter of 2021. Its net profit rose 2.3% to about RMB24.1 billion ($3.7 billion). China Mobile ranks as the world s biggest operator by customers, serving as many as 940 million subscribers in the first quarter.

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