5G to bring US$1.2 trillion industry opportunity in Southeast Asia

-A Monitor Report1 Mar, 2019 | 445 Views|-+
Dhaka : 5G will bring industry opportunities worth US$1.2 trillion in Southeast Asia in the next five years, Huawei's regional president James Wu said at the Mobile World Congress 2019 on February 24.

In a media interview at Mobile World Congress (MWC) in Barcelona, James Wu, President, Huawei Southeast Asia said, "Southeast Asia will stand out with the fastest GDP growth around 5-6 per cent in the next five years, and digital economy will be the major driver behind such growth, accounting for 20 per cent. We are committed to developing the digital economy of Southeast Asian countries, and collaborating with partners in order to build a digital ecosystem."

Wu predicted that massive commercial use of 5G in 11 countries and regional markets, such as India, Thailand, Vietnam and Hong Kong will start as early as 2020.

In the next five years, the number of 5G subscribers in the region will top 80 million. Wireless, digital and intelligent equipments will improve social productivity by 4-8 per cent on average.

According to the regional president, the ICT giant has received invitation from multiple countries and customers across Southeast Asia to 5G trials.

"I believe 2019 will be a significant year for 5G in Southeast Asia. Huawei, as the world's leading vendor of 5G, will help all operators in the region realise their 5G dreams," Wu added.

Since last year, the Chinese tech giant has been facing challenges by the US-led campaign that urges its allies to exclude Huawei from their 5G developments, claiming the company's technology would compromise national and user security.

Huawei denies the claims that its technology could be used for espionage, and until now no evidence has been raised to support the allegations. And recently, the UK has concluded that the risks posed by Huawei 5G equipments could be mitigated.

"All countries should not turn 5G into a political or ideological issue," Wu said. "We prove ourselves with 20 years of cyber security record in Southeast Asia to all government and people, that Huawei can be trusted," he mentioned.

Huawei has been investing in 5G for more than 10 years, and is recognised with 12 to 18 months of leading advantage in the market. Industrial experts argued that banning Huawei from 5G development could delay the entire network growth.

"My suggestion is, go digital, not political. And this is a choice that serves the interests of all stakeholders," Wu said.

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