China Grants 5G Licenses to 4 Telecom Operators

A 5G logo is displayed at the Mobile World Congress

The first batch of companies that obtained the 5G licenses included three Hong Kong-listed carriers - China Telecom, China Mobile, China Unicom - plus China Broadcasting Network, Xinhua News Agency reported.

The approvals will trigger investment in the telecommunications sector which will benefit top vendors such as Huawei Technologies, just as the Chinese network equipment provider struggles to overcome a USA blacklisting that has hurt its global business.

"Playing mobile games is also so smooth", Lin added.

Director General, Rajan Mathews told PTI that it is for the government to decide on whether Huawei telecom gear will be allowed in 5G networks, but an early decision on the matter would help operators make investment decisions.

Shares in China's 5G-related firms such as ZTE slumped after the news, as investors pocketed gains.

The 5G stations are being installed in different parts of the China including Tibet as part of Chinese telecom giant Huawei's plans to lead the 5G trials despite the opposition. "The action by China to accelerate 5G licensing does not remove or alleviate this risk".

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Focusing on such areas as industrial Internet, IoT (Internet of Things) and IoV (Internet of Vehicles), companies should actively foster the integrated application and innovative development of 5G based on the market need and their own business growth, so as to boost digitalization, connectivity and intelligence development for each industry, said Miao Wei, Minister of the MIIT. It is also the only company in the world that can provide A communications enterprise for end-to-end 5G commercial solutions.

"We remain concerned that if the USA export ban on Huawei remains in place for some time, and is even extended to other Chinese tech companies, it will be very hard for China to build 5G in scale", Wall Street research firm Jefferies wrote in a note to investors and reported by Reuters. "They are quite happy and positive in the engagement", Huawei Telecommunications India CEO, Jay Chen had said on the sidelines of a COAI panel discussion on 5G.

China, as always, welcomes enterprises at home and overseas to actively participate in the building, application and promotion of its 5G network and share the sector's development dividends, the MIIT said.

While South Korea, the US, Australia and the United Kingdom have launched initial commercial 5G services.

Huawei will fully support Chinese operators to build China 5G with end-to-end comprehensive 5G capabilities.

"We have been looking forward to this day, as it will offer fresh opportunities for us all", Zhao said.

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