Tech
»
1-min read

ZTE to Double 5G Research Spending

China Mobile, the country's largest state-owned telecom operator, started field tests of China's first 5G base station in the southern city of Guangzhou last week.

Reuters

Updated:June 30, 2017, 9:59 AM IST
facebookTwittergoogleskypewhatsapp
ZTE to Double 5G Research Spending
The ZTE Small Fresh 5 is expected to come in two RAM and storage variants. (Photo: Reuters)
Loading...
Chinese telecom equipment maker ZTE Corp will double its research spending on fifth-generation mobile network (5G) from this year, the company said, as China steps up the push to build the world's largest 5G network. ZTE said it would invest 2 billion yuan ($295.5 million) in 5G research and development every year starting this year, up from 1 billion yuan invested last year. The budget could rise further as China aims to roll out 5G by 2020, the company said.

Read more: Apple iPhone Turns 10, Bumpy Ride For The Device Forgotten

China and the United States are racing to lead the development of 5G technology, which will be significantly faster than the current 4G network. International standards for 5G are yet to be finalised.

China's cumulative 5G capital spending is expected to rise to 1.65 trillion yuan by 2025, a recent research paper from the Ministry of Industry and Information Technology forecast, with equipment makers such as ZTE and Huawei Technologies set to be major beneficiaries.

China Mobile, the country's largest state-owned telecom operator, started field tests of China's first 5G base station in the southern city of Guangzhou last week.

Read more: Apple iPhone Turns 10, Bumpy Ride For The Device Forgotten

ZTE said it currently employed 3,000 people engaged in research and development for 5G. A spokeswoman for the company declined to say if it planned to increase that headcount.

The Tech And Auto Show – Episode 4
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp

Live TV

Loading...
Loading...