The figures are based on planned capital expenditure investments as stated in the respective company financial reports that had been published in early 2023.
*Estimate. China Unicom's figure is based on the 5G capital expenditure from previous years. According to the company, after 2022, the 5G investment will enter a declining phase so the actual investment might be slightly below the value mentioned here.
One yuan equals 0.15 U.S. dollars and 0.13 euros (as of April 2023)
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5G CAPEX investments in China 2023, by telecom company
In 2023, China Mobile planned to invest ** billion yuan in 5G infrastructure. China Telecom and China Mobile together invested over ** billion U.S. dollars. On the background of increasing 5G network coverage, all players in the industry stated that the peak of infrastructure investments has been reached and that they will decrease 5G CAPEX investments over the coming years.
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Various sources (China Fund). (March 24, 2023). Planned 5G capital expenditure investments in China in 2023, by telecom company (in billion yuan) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 01, 2026, from /statistics/1377961/china-5g-capex-investments-by-telecom-company/
Various sources (China Fund). "Planned 5G capital expenditure investments in China in 2023, by telecom company (in billion yuan)." Chart. March 24, 2023. ÌÇÐÄÆƽâ°æ. Accessed August 01, 2026. /statistics/1377961/china-5g-capex-investments-by-telecom-company/
Various sources (China Fund). (2023). Planned 5G capital expenditure investments in China in 2023, by telecom company (in billion yuan). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 01, 2026. /statistics/1377961/china-5g-capex-investments-by-telecom-company/
Various sources (China Fund). "Planned 5g Capital Expenditure Investments in China in 2023, by Telecom Company (in Billion Yuan)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 24 Mar 2023, /statistics/1377961/china-5g-capex-investments-by-telecom-company/
Various sources (China Fund), Planned 5G capital expenditure investments in China in 2023, by telecom company (in billion yuan) ÌÇÐÄÆƽâ°æ, /statistics/1377961/china-5g-capex-investments-by-telecom-company/ (last visited August 01, 2026)
Planned 5G capital expenditure investments in China in 2023, by telecom company (in billion yuan) [Graph], Various sources (China Fund), March 24, 2023. [Online]. Available: /statistics/1377961/china-5g-capex-investments-by-telecom-company/
