Three telecom companies in China will avail 5G network services on Friday, ahead of schedule. China Mobile, China Unicom, and China Telecom debuted the facilities today, offering plans as low as $18 a month.
China Mobile Ltd, the largest carrier, launched the services in Beijing, Shanghai, Guangzhou, and Hangzhou. Furthermore, the telco prices its new network at par with 4G for its heaviest users.
China launched the fast network ahead of schedule because of increasing tensions with the US, especially after the Huawei ban.
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Analysts claim that the launch will make China the country with the largest operating 5G network in the world. Moreover, the sheer scale and the price of 5G will have a pivotal impact across China’s supply chain.
” While some other countries launched 5G services earlier this year, China will have the largest commercial operating 5G network in the world on Friday,” said Chris Lane from Sanford C. Bernstein. “The scale of its network and the price of its 5G services will have a pivotal impact throughout the supply chain.”
So Much Anticipation for 5G Network
Residents in China had waited for the new network with high anticipation. Over 10 million subscribers in the country had pre-registered for 5G, awaiting faster video games and more virtual reality applications.
Mobile companies in China are already making plans to leverage the new network. Xiaomi earlier announced plans to roll out more than ten 5G phones in 2020, anticipating a shift from 4G. At the same time, Huawei has unveiled new products like the Mate 20 X.
Huawei anticipates that China’s launch will propel its revenues for the coming year. Besides, the company is looking out for its dominance, seeking to curtail the effects of Trump’s campaign to influence other countries against Huawei gear.
China is looking to expand the network to 50 other locations by the end of this year, installing over 50,000 stations across the cities.
Investment in the facilities will cost the first three telco operators a combined capital spending of $ 42.9 billion this year.