Finnish telecom equipment maker Nokia has signed 15.7 billion yuan (2.24 billion US dollars) worth of 5G transactions in China, which analysts say shows the country's open attitude toward all international players deployment of this new ultra-fast technology.
The result came after China's official launch of 5G marketing last week, which saw the country's telecom operators announce their 5G data plans.
Nokia said it has signed 5G cooperation agreements with China Mobile, China Unicom and China Telecom, the three largest public operators, by 2020 at the 2nd China International Import Expo (CIIE). ) from Shanghai.
So far, more than 86,000 5G base stations have already entered service in China.
Chen Zhaoxiong, China's vice-minister of industry and information technology, the country's industry regulator, said earlier that China is working hard to expand coverage of the 5G network. By the end of this year, more than 130,000 5G base stations will enter service to support the network, making it one of the largest 5G deployments in the world.
Similarly, according to the Global System for Mobile Communications, a global telecommunications association, China is expected to become the largest 5G market in the world by 2025, with 460 million users.
According to Lyu Tingjie, a professor of telecommunications at the University of Posts and Telecommunications in Beijing, Nokia's signing of agreements shows once again that the Chinese 5G market is open to all players and offers many opportunities for foreign telecommunications companies.
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