Chinese major phone maker and telecom equipment manufacturer Huawei has signed 22 contracts with carriers around the world to commercialize 5G technology, The Paper reported.

In addition to the contracts, the company has also conducted 5G commercial testing with more than 50 operators worldwide. said Ding Yun, managing director of Huawei.

Ding believes the entire industry is witnessing the arrival of a great era — one that will increase data connection capacity by 10 times. The mobile communication industry will also gain historic development opportunities, Ding said.

In 2019, the first batch of 5G smartphones, including folding mobile phones, will be launched soon, which will bring the new 5G experience to users. 

Economical choices of about a few thousand yuan will also be launched soon after 5G commercialization, the report said.

It is expected that the first wave of 5G commercial use will cover the market of one-third of the world’s population, and that scale far exceeds similar periods of 3G and 4G expansion.