On May 17, China Mobile held its annual shareholder meeting in Hong Kong. China Mobile Chairman Shang Bing pointed out at the meeting that China Mobile's 5G business has not been affected by ZTE, but for the development of 5G, China Mobile will handle it with prudence and will not blindly invest large-scale. Let's take a look at the related content with the network communication Xiaobian.
Shang Bing said that 5G is very important for the future development of China Mobile. Applications such as drones, car networking, industrial Internet and robots will bring disruptive changes to the company. At present, China Mobile has conducted 5G tests in 17 cities across the country.
In addition, Shang Bing also mentioned that China Mobile has not yet released plans to return to the domestic A-share market through the issuance of CDRs, and China Mobile will benefit from the listing of China Tower.
It is reported that the China Railway Tower officially submitted an IPO application to the Hong Kong Stock Exchange, which opened the journey to the capital market. Although the number of issued shares and the final financing amount have not been determined, according to the relevant brokerage forecast, the valuation of the company before the listing is 267 billion yuan. It is estimated that if the listing sells 20% of new shares, the fund raising amount will reach about 10.8 billion US dollars. At present, China Mobile is the largest single shareholder of China Tower and holds a 38% stake in China Tower.
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