Push to expand global presence is ratcheted up
By Ma Si | China Daily | Updated: 2017-12-04 07:55
Chinese telecoms groups are ratcheting up a major push to expand their overseas presence, as they rush to garner more business from planned fifth generation mobile communications networks in foreign countries.
Their intensified efforts come as a report by Qualcomm Inc forecast that the super-fast internet work will help the global telecoms industry to create $3.5 trillion of output and generate 22 million jobs by 2035.
Huawei Technologies Co Ltd, China's biggest telecoms equipment maker, said it has so far helped to build a dozen pre-commercialized 5G networks in cities around the world, in countries such as Canada, Italy and Japan.
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