Caixin Global – Latest China News & Headlines

Home >

By Zhao Runhua / Feb 15, 2019 11:43 AM / Business & Tech

Photo: VCG

Photo: VCG

It may be 5G technology that’s in headlines lately – but telecom companies are still pushing forward with 4G.

ZTE, Ericsson, Nokia and controversy-embroiled Huawei all won bids to enhance China Unicom’s 4G infrastructure, the carrier announced on Wednesday.

The two biggest winners, Huawei and ZTE, will get around 50% and 30% of the total bid businesses respectively, a source close to the matter told Caixin

As part of the deal, China Unicom also plans to purchase 416,000 4G base stations with the aim of developing its Internet of Things business, the company said.

Industry watchers have said that expanding 4G may also enhance companies’ ability to develop 5G in the future.

According to documents, bids exceeding an undisclosed cost ceiling were not considered. Nokia’s offer of 34.68 billion yuan ($5.12 billion, tax not included) was just slightly below the ceiling, sources familiar with the bid told Caixin. No winners offered less than 20 billion yuan.

Related: A Full-Blown 5G Era Won’t Arrive Quickly


Share this article
Open WeChat and scan the QR code
Copyright © 2019 Caixin Global Limited. All Rights Reserved.