(Yicai Global) Nov. 17 -- The three major telecom operators in China expect to introduce 5G networks on a commercialization scale by 2019 or 2020 at the latest, Economic Information Daily reported today.
More than a dozen of domestic and foreign operators will start to deploy 5G infrastructure next year.
China Mobile Ltd. [NYSE:CHL, HKG:0941], China United Network Communications Ltd. [SHA:600050], also known as China Unicom, and China Telecom Corp. Ltd. [NYSE:CHA, HKG:0728], started 5G trials in Beijing and Shanghai in the second half of this year and these will be expanded to multiple other cities across the country.
78 percent of the operators interviewed around the world are currently conducting 5G tests, and another 28 percent confirmed they will start 5G network deployment in 2018, Economic Information Daily cited a report by LM Ericsson Telephone Co. [NASDAQ:ERIC] as saying.
More than ten domestic and foreign operators, including South Korea's major mobile operator SK Telecom and Australian telecommunications giant Telstra Corp. [ASX:TLS] will launch 5G deployment by 2018, with commercialization expected in 2020.
5G will drive a number of industries worth trillions of yuan, such as the Internet of Vehicles, Big Data, cloud computing, smart homes, and drones. With the official commercialization of 5G, these industries will enter a period of rapid development, and artificial intelligence (AI) and intelligent manufacturing industries will also receive a boost, said Huang Yuhong, vice president of China Mobile Research Institute.