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Business
China Mobile to set up RMB 100 mln fund for industrial development
CKN
2018/12/07 08:17:43
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China's News, China's Financial News, pharmaceutical

Dec 07, 2018 (China Knowledge) - Chairman of China’s leading telecom company China Mobile, Shang Bing, has said that his company’s users have exceeded 920 million and the Internet of Things (IoT) connections have exceeded 500 million. Faced with 5G, China Mobile will prepare a joint venture industry fund of RMB 10 billion to promote industrial development. He was talking at the 2018 China Mobile Partners Conference, earlier today.

The chairman pointed out that China Mobile's all-optical transmission network has reached 14.03 million kilometers so far, with a total of 3.4 million base stations, of which more than 2 million are 4G base stations. In addition, the company continues to promote the network speed-up and fee reduction. In the past three years, the unit price of mobile Internet traffic has dropped 86%, which has benefited the people, said Shang Bing.

He also explained China Mobile's 5G commercial timetable; according to which the pre-commercial of 5G will be achieved in 2019 and commercial of 5G will be done in 2020. At present, the construction of 5G experimental network should be launched in an all-round way. In yesterday’s 5G spectrum division scheme China Mobile was awarded 2.6GHz and 4.9GHz bands. Shang Bing said that China Mobile will actively promote 2.6GHz and 4.9GHz industrial chain maturity.

 

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