At Huawei's 5G Beyond Growth Summit, Li Peng, Huawei's Corporate Senior Vice President, discussed the transformative potential of 5G and the impending arrival of 5.5G technology.
Li emphasized that 5G, since its commercialization in 2019, has achieved remarkable success, gaining 1.5 billion users worldwide. He pointed out that 5G users generate a significant portion of mobile traffic and revenue, contributing to the industry's growth.
However, Li also highlighted the upcoming commercialization of 5.5G in 2024, which he believes will unlock new possibilities for carriers. He explained that the convergence of 5.5G, AI, and cloud computing will enable innovative applications and capabilities, creating new revenue streams.
To capitalize on these opportunities, Li urged carriers to focus on delivering high-quality networks, utilizing multi-dimensional monetization strategies, exploring emerging services, and leveraging generative AI.
High-quality networks, Li explained, are the foundation for business success, as they enable mobile users to fully utilize their 5G connections. He cited examples of carriers in the Middle East successfully deploying Massive MIMO networks and experiencing increased revenue growth from 5G FWA services.
Multi-dimensional monetization, on the other hand, allows carriers to maximize the value of their networks by offering tiered pricing models, value-added services, and specialized packages tailored to specific user needs. Li highlighted successful examples of carriers implementing these strategies, leading to increased ARPU and subscriber satisfaction.
Meanwhile, emerging services such as New Calling with its virtual avatars, cloud phones, and glasses-free 3D are gaining popularity. Li encouraged carriers to invest in these services to meet the evolving needs of their customers.
Finally, Li emphasized the transformative potential of generative AI in the mobile industry. He predicted that AI-enabled mobile phones will witness a surge in shipments, driving the creation of vast amounts of data and opening up new opportunities for carriers.
In conclusion, Li expressed Huawei's commitment to collaborating with carriers to unlock the full potential of 5G and 5.5G technologies, driving unprecedented growth and innovation in the mobile industry.