China Mobile, China Unicom and China Telecom will launch 5G mobile phone services on Friday.
China Mobile’s, China Unicom and China Telecom’s said on their websites and online stores that 5G plans, which start from as low as 128 yuan a month, will be available from Friday.
Telecom industry group GSMA estimates 5G connections in China will reach 460 million by 2025. Consulting firm Ernst & Young forecasts 576 million in China by 2025.
“China will have the largest commercial operating 5G network in the world on Friday, and the scale of its network and the price of its 5G services will have a pivotal impact throughout the supply chain,” Bernstein said in a report this week.
Huawei and ZTE, two home grown telecom network suppliers, have benefitted from the roll out of 5G services across China.
Authorities have said that they plan to install over 50,000 5G base stations across 50 Chinese cities in the country by the end of this year, and that big cities, including Beijing, Shanghai, Guangzhou, and Hangzhou, are already covered by the 5G network.
Chinese companies from Xiaomi to Huawei have also unveiled new products in anticipation of the 5G roll out, with Huawei saying that it anticipates to start seeing a revenue uplift from the sector next year.
Smartphone marker Xiaomi said earlier this month that it plans to launch more than 10 5G phones next year and that there was a fear in the industry that consumers would stop buying 4G models.