China Telecom expects to increase investments in 5G infrastructure this year with the aim of almost doubling the number of base stations in the country, the company said in its annual report.
The Chinese carrier said it has earmarked a total of CNY39.7 billion ($6.1 billion) for 5G capex, slightly up from CNY39.2 billion in 2020.
Last year, China Telecom, together with rival operator China Unicom deployed 300,000 5G sites across China and ended 2020 with a combined 380,000.
