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5G networks

Chinese 5G investment set to quicken with 1st licenses ready

Big three wireless carriers poised to receive approval as early as this month

Visitors take pictures under blooming cherry blossoms near a high-resolution AI camera at a Beijing park in March.   © Reuters

BEIJING -- China's government will as early as this month allow the nation's three leading wireless carriers to operate 5G communication networks, accelerating the rollout of an estimated $180 billion in nationwide investments, industry watchers said.

The Ministry of Industry and Information Technology said on Monday that it will issue 5G licenses "soon," the state-run Xinhua News Agency reported.

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