\tChina Mobile announced it would rollout commercial 5G services in 50 cities by the end of the year and set-up a CNY30 billion ($4.4 billion) industry fund, as it detailed its strategy for the new network technology.<\/p>\n
According to Xinhua, reporting from a Shanghai press conference, China Mobile will build 50,000 5G base stations in the country before the end of 2019 to support its ambitious rollout plan.<\/p>\n
In addition to major investment to deploy the network itself, Reuters reported the operator will also set up a CNY30 billion \u201cindustry fund\u201d with more than CNY7 billion of the cash already in place.<\/p>\n
At the event, China Mobile chairman Yang Jie also unveiled plans to spend CNY3 billion on developing 5G content including high definition videos and games.<\/p>\n
The update was made on the eve of MWC Shanghai [1], where many of the largest companies operating in China and elsewhere in Asia are tipped to provide updates on 5G rollouts and progress.<\/p>\n
Earlier this month, Chinese authorities issued licences for the new network technology, [2] with China Mobile subsequently announcing it signed network contracts with Huawei, Nokia, Ericsson and ZTE for rollout.<\/p>\n[1] https:\/\/www.mobileworldlive.com\/blog\/blog-what-should-you-look-for-at-mwc-shanghai\/
\n[2] https:\/\/www.mobileworldlive.com\/asia\/asia-news\/chinese-operators-receive-5g-licences\/<\/p>\n","protected":false},"excerpt":{"rendered":"
China Mobile announced it would rollout commercial 5G services in 50 cities by the end …<\/p>\n
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