MIIT: Total Telecom Investment to Reach RMB 2 Trln in 2011-2015
C114, 12/23/10
Hu Shan, director of business development at the Ministry of Industry and Information Technology's (MIIT) China Academy of Telecommunication Research (CATR) TeleInfo Institute, revealed recently that telecom industry total investment reached RMB 1.5 trln during the 11th Five-Year Plan (2006-2010). Investment during the 12th Five-Year Plan (2011-2015) is estimated to reached RMB 2 trln, up 36% compared to the previous five-year period. According to Hu, during the 11th Five-Year Plan period, 40% of total funds were invested in broadband construction, while during the upcoming 2011-2015 period, 80% of funds will be dedicated to broadband (both mobile and fixed) construction.
Keywords: capex mobile networking equipment mobile internet fixed-line broadband telecom wireless CATR MIIT 11th Five-Year Plan 12th Five-Year Plan network construction telecom infrastructure