China’s regulator, the Ministry of Industry and Information Technology (MIIT) made the announcement last week.
The Ministry of Industry and Information Technology (MIIT) has granted the licence to a domestic aeroplane manufacturer.
State-owned telecom operator China Broadnet will use its 700 MHz spectrum holdings to run its new network.
Although this is a sizeable increase, many of these new subscribers were already existing customers who have been migrated to a 5G plan.
Huawei has reported its largest ever revenue drop in the first half of 2021.