Hong Kong Remains On Fast Track For 5G, Says Govt
"); jQuery("#212 h3").html("

"); });
2018-05-09 HKT 19:30
Officials have beaten back criticism that Hong Kong is slow off the block to prepare for 5G, saying mobile operators in the city could have the capability to launch the high speed network by next April.
But they admit whether the public will have access to the new network depends on several factors.
Markets around the world are getting ready for 5G mobile services, which officials say could be 20 times quicker than existing 4G networks.
The Communications Authority said it plans to assign high frequency bands 26 GHz and 28 GHz to operators in April next year, and more than 10 operators have indicated they want to use them.
It would make Hong Kong one of the first places in the world to launch 5G – if the operators have all their systems ready.
But the authority's deputy director-general, Chaucer Leung, admitted that when the public will actually get full access depends on factors like the operators' infrastructure, and the availability of mobile devices that support the network.
But Leung rejected criticism that Hong Kong will lag behind other places, such as the UK, that have already auctioned off the related network bands.
He said it will still take other places a couple of years to make 5G available to the public as the authorities, like their Hong Kong counterparts, have to relocate existing users of the bands.
OCBC Plans Hong Kong Wealth Expansion With Up To 50 New Bankers
OCBC is expending its wealth management team in Hong Kong by 30% this year to meet growing regional demand for investme... Read more
Hana Financial To Acquire US$669M Stake In Dunamu, Deepening Crypto Push
Hana Financial Group has agreed to acquire a 6.55% stake in digital asset operator Dunamu. The transaction is valued at... Read more
Reap And TerraPay Partner To Expand Cross-Border Payouts Via Local Payment Rails
Reap has partnered with TerraPay to expand its cross-border payout network using domestic clearing systems. The integra... Read more
Tencent Fintech And Cloud Services Lift Q1 2026 Revenue 9% To US$8.68 Billion
Tencent reported a 9% increase in revenue from its fintech and business services division for the first quarter of 2026... Read more
Ant Group Profit Falls An Estimated 79% As AI And Payments Spending Rises
Ant Group saw an estimated 79% decline in quarterly profit as the company accelerates its spending on AI, large languag... Read more
Alibabas Cloud Revenue Jumps 40% As AI Investments Pressure Profitability
Alibaba Group has released its financial results for the quarter and fiscal year ending 31 March 2026, reporting a 3% a... Read more
