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5G deployments boost China Tower’s business in 2021

March 11, 2022
Source: rcrwireless.com rcrwireless.com
News Snapshot:
The Chinese government has set a goal to install over 600,000 5G base stations this year China Tower’s business last year was positively impacted by the accelerated deployment of 5G sites across China, the company said in its earnings release. In 2021, the company said it had completed approximately 552,000 5G construction projects, supporting the large-scale construction of 5G networks in the Asian nation. China Tower noted that 5G has become an increasingly key driver for the growth of its Telecom Service Providers (TSP) business. During 2021, the company’s net profit grew 14% year-on-year to CNY7.32 billion ($1.15 billion) while...
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