April 03 - 08:04
China Mobile hands out $5.2bn in 5G contracts
China Mobile has awarded $5.2 billion of 5G contracts, with the lion's share going to Chinese firms. Huawei is the big winner, with local media reporting 57.3% of the total value of the tender going to the company, ZTE 28.7%, Ericsson 11.5% and CICT 2.6%, according to Light Reading. Huawei is tasked with building 133,000 basestations. Nokia reportedly bid for the contracts, but was unsuccessful.
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