Investment in The Development of 4G Mobile Communication in China Will Reach US$16 Billion in 2014

Investment in The Development of 4G Mobile Communication in China Will Reach US$16 Billion in 2014

The communications sector in 2014 will be particularly attractive to investors. Investment in 4G mobile network in China could reach 100 billion yuan ($16.5 billion) next year, with the number of users reaching 30 million in over 300 cities, reported the official news agency Xinhua, attributing speech to the Minister of Industry and Information Technology on Friday.

Miao Wei made ​​the comments at the annual conference of ministry work, according to Xinhua, the minister said the investment in 4G account for almost one third of the total investment in China Mobile Communication in 2014.

China Mobile”, “China Telecom” and “China Unicom” have already begun to test the use of standard TD-LTE in some areas of the country. According to experts, the TD-LTE technology, has meets the requirements of commercial use.

Official data show that by the end of May this year, the number of 3G users in China for the first time exceeded the threshold of 300 million, reaching 304 million.

 

Source: Xinhua
Photo Credit: Michael Davis-Burchat

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