- April 02, 2020
AMTD views: China Big3 telecom operators announced their FY19 results recently. The latest announcements indicated that Big3 has begun to accelerate a new round of investment to promote the 5G commercial deployment since their capex bottomed out from the post stage of 4G in 2016-2018. The total 5G-related investment of Big3 telecom operators in 2019 was RMB42bn, and it was expected to increase threefold to RMB180bn in 2020. On the other hand, ITU has defined three major application categories of 5G, namely Enhanced Mobile Broadband (eMBB), Massive Machine Type Communications (mMTC), and Ultra-reliable and Low Latency Communications (URLLC). We believe among these three major applications, Enhanced Mobile Broadband, Massive Machine Type Communications will be firstly deployed by the telecom operators.
