(YicaiGlobal) Dec. 21 — China Mobile Ltd. [HKG:0941], the world’s biggest mobile phone carrier, plans to launch pre-commercial 5G services in 2018 and commercialize the fifth-generation wireless broadband technology across the nation by 2020, said CEO Li Yue.
5G is a completely new technology because it is developed for the Internet of Things, which connects people with other people, people with goods, and goods with other goods, Li said yesterday during a speech at China Mobile Global Partners Conference 2016.
China Mobile’s 4G users totaled 510 million, or 69 percent of the country’s 4G market, as of the end of November, Chairman Shang Bing said at the conference.
Shang said the ratio of mobile digital service revenue to traditional business revenue at China Mobile has grown from 1:1 last year to 1.5:1. Wireless data business makes up a larger part of the company’s total revenue than traditional SMS (Short Message Service) and MMS (Multimedia Messaging Service) businesses, and has become the most important source of income.
China Mobile Vice President Sha Yuejia also said China Mobile has almost 400 million 2G and 3G users who will upgrade to 4G or 5G. About half of its 4G users will also trade up to a new phone, so it expects China’s mobile phone market volume to hit 540 million next year.
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