China Mobile to ramp up 5G investments

Telecom operator considering equity participation, M&As over next five years

China Mobile, the country's largest telecom operator, will invest several hundreds of billion yuan into 5G-related industries through equity participation and mergers and acquisitions over the next five years, the company said on Friday.

Yang Jie, chairman of China Mobile, said that together with a fund of funds that hit several tens of billion yuan, the company is set to leverage both direct investment and funds to create a 5G ecosystem.

"Next year, China Mobile is expected to achieve sound 5G coverage in cities, counties as well as key towns and countryside, while increasing the installed capacity to 1.08 million," he said at this year's China Mobile Global Partners Conference.