Infrastructure spending in this area has accelerated globally too.
In 2020, the number of 5G base stations in China already exceeded 700,000, and this figure is likely to grow exponentially. According to estimates from the Chinese Academy of Engineering, the total number of 5G base stations in China could reach more than 1.7 million by the end of 2021.
At the same time, by the end of December 2020, 5G commercial services had been deployed in 24 countries within the European Union, plus the United Kingdom.
In the United States all major telecommunication providers including Verizon, AT&T and T-Mobile USA launched 5G services last year and market participants…