Taking it slow |

“No matter what happens, our overall capital expenditure during this three-year peak investment period of 5G, including this year, will not increase dramatically”

Aug 28, 2020 (WiC 508)

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Comments made by Yang Jie, chairman of China Mobile, at its interim results briefing last Thursday. The company kept its annual capital expenditure at close to $26 billion and left its dividend unchanged. The Financial Times indicated that 5G development in China might have entered more of a ‘go slow’ phase, owing to Huawei’s problems with the US (see WiC507).

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