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Huawei and ZTE Win Nearly 90% of China Mobile’s Latest 5G Contracts

By He Shujing and Mo Yelin / Apr 01, 2020 03:51 PM / Economy

Photo: VCG

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)

Related: China’s Mobile Base Station Monopoly Reports Meager 5G Revenue


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