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June 27, 2019

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Home » Sunday » Technology

Carriers to boost digital economy

Mobile carriers, including China Mobile and China Telecom, will speed up 5G investment to upgrade business and boost the digital economy, officials said during the three-day Mobile World Conference Shanghai 2019, the country’s biggest telecommunications show which opened yesterday.

China is expected to invest US$184 billion on 5G by 2025, half of Asia’s total budget of US$370 billion. It is forecast that 28 percent of China’s mobile connections will be running on 5G networks by 2025, accounting for about a third of all 5G connections globally then, industry association GSMA said.

Chinese carriers are eager to seek opportunities from 5G, including cloud computing, IoT or the Internet of Things, and AI or artificial intelligence.

“We have faced pressure to keep revenue growing. 5G may bring new opportunities,” Yang Jie, China Mobile’s chairman, said during the opening keynotes of MWC Shanghai 2019.

China Mobile, the world’s No. 1 mobile carrier, now has more than 3.98 million base stations nationwide, serving 930 million subscribers. In the 5G era, the carrier will seek opportunities in IoT, which refers to device to device connection used in smart manufacture and smart home.

China Mobile, with more than 630 million IoT users, has established an industry alliance with over 800 partners to develop the IoT business.

Migu, China Mobile’s multimedia content subsidiary, also announced plans to set up its national base to produce 5G and high-definition contents at the MWC Shanghai. The base is in Jinqiao, the Pudong New Area.

China Telecom, the country’s No. 2 carrier, would also seek integration of 5G, IoT and cloud business, according to Ke Ruijie, its chairman.

At its MWC Shanghai booth, China Telecom has showcased various 5G applications in 28 sectors, covering urban management, media and smart manufacture. The highlight is a garbage-recycling system featuring 5G connections.

By 2020, China Telecom will invest 18 billion yuan in Shanghai to develop 5G and AI, the carrier said.

Equipment vendors, including Huawei, Ericsson, Nokia and ZTE, have also showcased their 5G products and technologies at the show.

5G is “unlocking the vast potential for service providers and industries,” Ericsson President and CEO Borje Ekholm said at the event.

“5G networks are facilitating an array of new services for consumers, transforming industry and manufacturing, and driving economic growth,” said Mats Granryd, director general of the GSMA.


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