China Mobile, the world’s largest mobile operator in terms of subscribers, will reduce its 5G capex this year, according to its recent earnings release.
China Mobile’s 5G capex this year will reach CNY 83 billion ($12 billion), down compared to CNY 96 billion in 2022.
For full 2023, China Mobile expects its overall capex to reach CNY 183.2 billion, down from CNY 185.2 billion last year.
China Mobile also said that revenue from its 5G dedicated network reached CNY2.55 billion last year, up 107.4% year-on-year.
