China to shell out USD325bn on broadband development

19 Sep 2013

China intends to invest CNY2 trillion (USD325.2 billion) to improve fixed and wireless broadband infrastructure by 2020, Reuters writes, citing Shang Bing, a vice minister at the Ministry of Industry and Information Technology (MIIT). The government intends to boost the average broadband speeds to 20Mbps in cities and 4Mbps in rural areas by 2015. By the end of this year, the government aims to have increased the total number of broadband users by 25 million and bolster the amount of users connecting via next generation access networks by 35 million. Shang added that China’s broadband strategy will see the number of 3G and 4G subscribers increase to 1.2 billion by 2020: ‘Our 3G network has to cover cities and villages at the same time [and] we have to put 4G into wide commercial use.’

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