Countries like the United Kingdom, South Korea, the USA and Italy are already ahead of the world in terms of 5G access, and China is catching up to them. To cement their place in the 5G race, China’s three major carriers (China Mobile, China Unicom and China Telcom) have now been granted 5G licenses by the government.
China Mobile, China’s largest state-owned telecoms, has plans to provide 5G services in over 40 cities by September.
This is a development that will favor Huawei who has invested heavily in 5G and have a lot of equipment out of their store for these telecoms providers to purchase. In fact, reports suggest that Huawei has signed 46 commercial contracts in 30 countries under which the company has shipped over 100,000 5G base stations.
Huawei requires some parts and components from American companies, and analysts believe that this will pose some challenges with the 5G business. Due to America’s ban on Huawei, special approval from Washington will be required to get those parts.