Caixin
Caixin Global – Latest China News & Headlines

Home >

TRENDING
Apple Swerves $150 Levy on iPhones As U.S. and China Strike Trade Deal
Alibaba Co-Founder Steps Down From Board Affiliated to Chinese EV Maker
China Merchants Bank Executive Arrested in Connection to P2P Business
LATEST
Ping An’s OneConnect Expands U.S. IPO to Raise $312 Million
China Hits the Accelerator on Road Surveillance Equipment
Baidu Unveils Budget Touch-Screen Smart Speaker with Focus on Child Safety
Alibaba Co-Founder Steps Down From Board Affiliated to Chinese EV Maker
Samsung Invests Additional $8 Billion in Flash Memory Chip Production in China
Markets Applaud Talk of U.S.-China Trade Deal
Chinese Genome Sequencing Firm to Supply Tech to Abu Dhabi Personalized Health Care Project
Apple Swerves $150 Levy on iPhones As U.S. and China Strike Trade Deal
China Merchants Bank Executive Arrested in Connection to P2P Business
Hillhouse-Backed Genor Plans $200 Million Hong Kong IPO
GitHub Looks to Open Subsidiary in China
5G Handsets Grow As Proportion Of China’s Sluggish Smartphone Market
China Executes Man Who Killed 3 Fearing Wife’s Forced Sterilization Under One-Child Policy
Agriculture Insurance Companies Take A Hit From African Swine Fever
Tencent-Backed News App Denies Explosive Fraud Allegations From U.S. Due-Diligence Firm
Defying Sentiment, WeWork’s China Rival Files for New York IPO
Electric Car Maker Nio Cuts 141 Jobs at North American Headquarters
Huawei Wins Telefonica Deal to Help Build German 5G Network
China Unveils First 3D Images From Newest Earth Observation Satellite
Tesla to Raise Prices in China Again, Sources Say

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