China to in­vest 160 bil­lion yuan in 4G net­work projects

China Daily (Canada) - - BUSINESS -

China is ex­pected to in­vest about 160 bil­lion yuan ($25.71 bil­lion) in fourth-gen­er­a­tion mo­bile net­work con­struc­tion this year, ac­cord­ing to of­fi­cials from theMin­istry of In­dus­try and In­for­ma­tion Tech­nol­ogy. Han Xia, head of the telecommunication man­age­ment depart­ment of MIIT, said on Wed­nes­day that the num­ber of 4G base sta­tions in China is likely to hit 500,000 by year-end.

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