China Mobile has revealed the long-awaited details of its 5G ambitions, giving further shape to the country’s rapid transition to the next generation of mobile internet, said Caixin.
The company plans to build the “world’s largest 5G network” by setting up over 50,000 base stations across China by the end of the year, China Mobile Chairman Yang Jie said at a conference in Shanghai on Tuesday. By 2020, China Mobile expects to offer commercial 5G services in over 200 prefecture-level, more-developed Chinese cities.
China Mobile, the world’s largest wireless network operator, is also set to launch its first batch of 5G phones with device partners no later than July. The carrier said the first phones will be priced from RMB 5,000 ($727), and more affordable phones priced under RMB 2,000 will be available by 2020.
Yang added that China Mobile will launch a RMB 30 billion industrial fund to invest in key 5G technologies and applications. China Mobile has already raised at least RMB 7 billion, the company said.