Chinese state telecoms' 5G investment tops out while dividends surge

Capex to decline further as government pushes for enhanced market values

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Capital investment in 5G networks by Chinese state-owned telecom operators has peaked. (Photo by Kenji Kawase)

KENJI KAWASE, Nikkei Asia chief business news correspondent

HONG KONG -- The total capital investment by three Chinese state telecom operators hit a peak last year, with the focus of cash distributions shifting further toward dividend payments at the urging of the government.

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