The envisioned rollout will come on top of at least 718,000 stations nationwide that transmit and amplify mobile signals. China began this year to put in place the world’s largest and most sophisticated 5G network in a $1.4 trillion rollout of technology infrastructure it hopes will boost the world’s No. Huawei Technologies Co. and its smaller rivals are expected to reap the lion’s share of that largesse while foreign providers such as Ericsson AB and Nokia Oyj struggle to win contracts. ZTE jumped as much as 9.1% in Hong Kong, while Datang Telecom Technology soared as much as 8%. Major telecom operators including China Mobile, China Unicom Hong Kong Ltd. and China Telecom, which have yet to announce their 2021 capital spending plans for 5G construction, fell between 0.7% and 2.7%.

Source: Hindustan Times December 29, 2020 07:05 UTC