China’s two largest mobile operators shed nearly 1 million 4G subscribers in January, as customer migrations to 5G services accelerated.
Operating figures for the month released by the operators yesterday (20 February) showed China Mobile ended January with 757.8 million, down by 170,000 from end-December, while China Telecom’s 4G users fell by 660,000 to 280.6 million. In contrast, China Unicom added 1.3 million LTE subscribers.
he Trump administration is trying to accelerate efforts to break ties with Chinese tech giant Huawei when it comes to building out next-generation 5G cell networks, The Wall Street Journal reports. The goal is to create common engineering standards for 5G networks that would allow tech and telecom companies to use US-made equipment over Huawei’s. As it stands right now, Huawei is the world’s leading telecom hardware provider, and its best-in-class products are sold to large companies that help cell towers and smartphones communicate, among other technical feats.
The coronavirus has far-reaching impacts that extend beyond health, with a wide range of economic effects in sectors ranging from transportation to telecom and retail. We have the latest news on the economic impact of the coronavirus from airlines canceling flights to the delay of the rollout of next-generation 5G networks and merchants reopening stores in China.
Airlines throughout the globe, with the inclusion of three United States carriers that service China, have stopped service to the mainland as well as Hong Kong due to the coronavirus. And airlines have canceled over 200,000 flights as the virus keeps spreading. Air France-KLM stopped China flights and forecasts demand reductions related to the coronavirus to reduce results by up to $217 million, while Qantas warned investors that the virus could probably reduce its earnings in the second hand of the year by $99.5 million.