China’s Record 5G Blueprint for 2021 Electrifies Telecom Stocks
- Carriers like China Mobile Eye 600,000 base stations in 2021
- Huawei and ZTE benefit but foreign firms may get left out
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China unveiled plans to almost double its fifth-generation wireless capacity next year, sending ZTE Corp. and other network gear makers soaring.
Carriers from China Mobile Ltd. to China Telecom Corp. will build upwards of 600,000 base stations to accelerate 5G coverage across major cities, Minister of Industry and Information Technology Xiao Yaqing said at an industry event according to the Xinhua News Agency. The envisioned rollout will come on top of at least 718,000 stations nationwide that transmit and amplify mobile signals.