China welcomes the participation of companies with foreign capital in the development of technology and 5G market in China, said on Thursday Minister of Industry and Informatization Miao Wei, reports Trend with reference to RIA Novosti.
On Thursday, Miao Wei handed over 5G licenses to representatives of four Chines e companies China Telecom, China Unicom, China Mobile, as well as China Media Corporation, which includes China International Radio, China Central Television and Central People’s Radio.
“After the issuance of licenses for commercial use of 5G network, we continue to welcome the active participation of enterprises with foreign capital in the development of 5G market in China, in the development (technology –
ed.) of 5G in China, we are also ready to share with them the fruits of this development,” – said the Minister.
5G will make it possible to exchange information in real time at speeds exceeding 10 Gbps, which is 30 times faster than in 4G networks. 5G technologies also provide minimal response time for data downloads and high network capacity. The International Telecommunication Union plans to approve the technology for 5G by the end of 2018, and to implement the new standard by 2020.