Reuters (May 12)
“South Korea was the first country to launch a fifth-generation mobile network in 2019, heralding a warp-speed technological transformation to self-driving cars and smart cities. Three years on, the giddy promises are unfulfilled.” It has achieved one of the highest rates of adoption, around 45% with speed about five times faster. Until demand catches up, however, telecoms will remain unwilling “to invest in the fancier technology that would ramp speeds by 20 times over 4G technology…. To make the quantum leap to the highest-speed 5G will require the roll-out of essential services that need such fast connections.”
Tags: 5G, Adoption, Demand, Invest, Mobile network, Promises, Roll-out, Self-driving cars, Smart cities, South Korea, Speed, Technology Quantum leap, Telecoms, Transformation, Unfulfilled, Warp-speed
Financial Times (June 5)
“Just a month ago, multinationals and investors were looking forward to an agreement that would end the China-US trade war that has rocked global markets for the past year. Instead, talks broke down.” Donald Trump “further enraged Chinese officials by barring Huawei, the best-known Chinese telecoms company, from sourcing American components and technology.” China’s new list of unreliable entities appears to be in retaliation and it has panicked foreign investors. The “vague wording suggests Beijing could move against any person or organization.”
Tags: China, Enraged, Huawei, Investors, Markets, Multinationals, Panicked, Retaliation, Telecoms, Trade war, Trump, U.S., Unreliable entities
The Economist (August 4)
“Chinese companies have started to win first place in global markets. Huawei has just overtaken Sweden’s Ericsson to become the world’s largest telecoms-equipment-maker.” Haier and Lenovo are also moving into the lead. “But Huawei inspires fear…. The company is said to be too close for comfort to the PLA. Westerners fret that the networks the firm is building are used by Chinese spooks to eavesdrop during peacetime and could be shut down suddenly during wartime. They see the firm as a potent weapon in China’s burgeoning cyber-arsenal.”
“Chinese companies have started to win first place in global markets. Huawei has just overtaken Sweden’s Ericsson to become the world’s largest telecoms-equipment-maker.” Haier and Lenovo are also moving into the lead. “But Huawei inspires fear…. The company is said to be too close for comfort to the PLA. Westerners fret that the networks the firm is building are used by Chinese spooks to eavesdrop during peacetime and could be shut down suddenly during wartime. They see the firm as a potent weapon in China’s burgeoning cyber-arsenal.”
