
Photo: VCG
Chinese companies were the big winners in China Mobile’s latest batch of contracts for more than 200,000 5G base stations.
The tenders, for a massive 232,143 5G base stations, were opened in early March and results were published on Tuesday. Huawei won the lion’s share of contracts and will supply 57.2% of the base stations, while 28.7% of the awards went to its smaller domestic rival ZTE, according to statements released by China Mobile Tuesday. Another little-known Chinese enterprise took 2.6% of the awards.
The only foreign company chosen was Sweden’s Ericsson, with 11.4% share.
China Mobile is currently accelerating its 5G rollout with plans to install 300,000 base stations by the end of 2020. At the end of February, it had built a total of 80,000 5G base stations. It has previously said it would spend 180 billion yuan ($25.4 billion) on 5G this year.
Read the full story on Caixin Global later.
Contact reporter Mo Yelin (yelinmo@caixin.com)
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