China Broadcasting Network Co Ltd, the country's fourth-largest telecom operator, unveiled three 5G brands on Monday, which coincided with the third-year anniversary of the country granting commercial licenses for the wireless technology.
Due to a steady decline in cable TV subscriptions and drop in overall pay-TV average revenue per subscription (ARPS), the pay-TV services revenue in China is expected to grow at a sluggish compound annual growth rate (CAGR) of 0.6% from USD 35.1bn in 2021 to USD 36.2bn in 2026.