Economic and social development varies in different regions around the world, and the development of 5G is unbalanced. According to GSMA statistics, by the end of Q2 2020, a total of 87 operators have released 5G commercial services in 39 markets, and another 84 operators have announced plans to deploy 5G in the future. Among them, 5G has developed rapidly in Asia, Europe, the Middle East and North America. 5G development of Asia is leading the world. According to GSMA’s forecast, the number of 5G connections worldwide is expected to reach 1.7 billion in 2025, with the Asia-Pacific region accounting for the largest proportion. 5G development in Asia is diversified. On one hand, some leading Asian countries top the world in terms of 5G development and lead 5G network deployment and 2C/2B market, such as China, South Korea, Australia, Japan, Thailand and Singapore. On the other hand, a large number of Asian countries with emerging economies are also actively engaged in 5G networks planning and deploying.
In Africa, 5G is still in its initial stage, 4G networks play a leading role in most of Africa, and network investment mainly focuses on 4G capacity expansion and construction. The government and operators are beginning to plan 5G spectrum and 5G network construction. Some leading operators have been actively involved in promoting the acquisition of 5G frequency bands and preparing for large-scale commercial deployment. We are delighted to see some leading operators have been actively involved in promoting the acquisition of 5G frequency bands and preparing for large-scale commercial deployment. The South African government opened the temporary spectrum license of 3.5 G in April this year and is expected to complete the formal spectrum auction this year. In other countries, such as Nigeria, Uganda, and Kenya, 5G tests are also under way. Some countries in North Africa have also started trial commercial use. The development of the 5G industry will bring unlimited opportunities in the next 3 to 5 years. We believe that with the accelerated commercial use of 5G SA, the 5G ecosystem will gradually mature. More and more African countries will seize the window of rapid 5G development. We will focus on the coordinated development of 4G and 5G, solve the network coverage and digital connection in Africa, and the layout of 5G market.