The Asia Pacific region leads global 5G adoption

Xinhua
10 Jul 2020, 09:41 GMT+10

The Asia Pacific region is leading the world's 5G adoption, said John Hoffman, CEO of GSMA Ltd., at the World Artificial Intelligence Conference (WAIC) 2020, which opened in Shanghai on Thursday.
"We have seen that countries with more stable digital economies appear to have better resisted the impact of COVID-19 this year," said Hoffman while delivering his speech at an online s ...
He said that the mobile industry, with 5.2 billion mobile subscribers, has contributed 4.1 trillion U.S. dollars to global GDP.

SHANGHAI, China July 9 (Xinhua) -- The Asia Pacific region is leading the world's 5G adoption, said John Hoffman, CEO of GSMA Ltd., at the World Artificial Intelligence Conference (WAIC) 2020, which opened in Shanghai on Thursday.

"We have seen that countries with more stable digital economies appear to have better resisted the impact of COVID-19 this year," Hoffman said while delivering his speech at an online summit of the WAIC.

He said that the mobile industry, with 5.2 billion mobile subscribers, has contributed 4.1 trillion U.S. dollars to global GDP.

There have been 79 commercial 5G network launches live in 24 global markets.

Global operators are expected to invest around 1.1 trillion U.S. dollars worldwide between this year and 2025, and roughly 80 percent of that will be in 5G networks, said Hoffman.

The GSMA leads the mobile industry globally, representing and uniting more than 750 mobile operators with almost 400 companies in the mobile ecosystem.

Mobile operators in the Asia Pacific region will invest almost 500 billion U.S. dollars in their networks between now and 2025, with 370 billion U.S. dollars of that in 5G, and there will be 1.1 billion 5G connections in the region by 2025, according to Hoffman.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Caribbean Herald.

More Information

-17 ℃

Light Rain in Santo Domingo/La Isabela

Business

Section

Stocks in Asia move higher, but Hong Kong markets drift

SYDNEY, Australia - Stocks in Asia were on the rise on Friday, while the U.S. dollar was mixed. Only the ...

Home prices in Beijing, Shanghai, Guangzhou and Shenzhen rise slightly

BEIJING, Cina Aug. 14 (Xinhua) -- China's housing market remained stable overall in July, with home prices in 70 major ...

Dublin business targeted in major international fraud

DUBLIN, Ireland - An Garda Sochna's economic bureau has foiled a mutli-million euro invoice redirect fraud. On Tuesday the Bank ...

Fears mount over last weeks of Trump presidency if he loses

What could happen to America if Trump were to further, severely crash the U.S. economy the day after Joe Biden ...

U.S. local economies working to replace imports

"An incredible opportunity for domestic manufacturing." That's how Mercedes Gonzalez, a director at Global Purchasing Companies, describes an unexpected benefit ...