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China's record 5G blueprint for 2021 electrifies telecommunications stocks

(Dec 29): China unveiled plans to almost double its fifth-generation wireless capacity next year, sending ZTE Corp. and other network gear makers soaring.
Carriers from China Mobile Ltd. to China Telecom Corp. will build upwards of 600,000 base stations to accelerate 5G coverage across major cities, Minister of Industry and Information Technology Xiao Yaqing said at an industry event according to the Xinhua News Agency. 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. 2 economy and underpin everything from autonomous vehicles to AI. 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 cont ....

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China's record 5G blueprint for 2021 electrifies telecom stocks

China's record 5G blueprint for 2021 electrifies telecom stocks
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