5 years, 11 months ago

Huawei records jump in 5G contracts

The logo of Huawei Technologies is pictured in front of the German headquarters of the Chinese telecommunications giant in Duesseldorf, Germany, Feb 18, 2019. Huawei Technologies Co said on Tuesday that it has so far secured 40 commercial 5G network contracts, up from 30 announced in late January. Hu Houkun, rotating chairman at Huawei, said at a global analyst conference in Shenzhen that the fifth generation mobile communication technology is coming much faster than the global telecom industry had expected. He quoted a report from the market research agency IHS Markit that in the first year after the telecom standards were frozen, four 5G chipsets are unveiled in the global telecom sector and over 40 5G smartphones are expected to be available, but none 4G chipsets and 4G smartphones had been unveiled within a year after its standards were finalized. "This year, 5G will trigger the tipping point in virtual reality and augmented reality, because it can solve the technological bottlenecks that are blocking the industry's development," Hu added.

China Daily

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