Official Licenses: G Race and Industry Insiders

official licenses: The move will catapult the country into a serious 5G industrial revolution, according to industry insiders, according to Global Times China. As 5G is very much faster than 4G, the official licenses will place the three carriers at the forefront of the global 5G race, as the technology is expected to accelerate the transformation of traditional industries and give rise to a myriad of new applications and business models. Photo VCG China will release 5G business licenses to its three major telecom carriers soon, the country's Ministry of Industry and Information Technology MIIT said Monday. The new technology will create tens of thousands of new jobs, and according to industry insiders, it is expected to create new value of between 900-1,300 billion yuan 130.3 billion to 188.2 billion in the next two years in China. There will be an announcement very soon, an official from the MIIT, who requested anonymity, told the Global Times on Monday. Industry insiders predict that the official distribution of 5G business licenses will take place later this week, likely on Friday. (news.financializer.com). As reported in the news.