China issues 5G licenses in timely boost for Huawei

SHANGHAI/HONG KONG (Reuters) - China granted 5G licenses to the country's three major telecom operators and China Broadcasting Network Corp on Thursday, giving the go-ahead for full commercial deployment of the next-generation cellular network technology. The approvals will trigger investment in the telecommunications sector which will benefit top vendors such as Huawei Technologies, just as the Chinese network equipment provider struggles to overcome a U.S. blacklisting that has hurt its global business. State-owned carriers China Mobile, China Unicom and China Telecom , as well as state-owned broadcaster China Broadcasting Network Corporation Ltd, are the four licensees named by the government.

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