The mobile services revenue in Malaysia is poised to grow at a sluggish compound annual growth rate (CAGR) of 0.1% during 2019-2024, from US$5.1bn in 2019 to US$5.4bn in 2024, after registering a major drop in the market revenues in 2020 due to the COVID-19 outbreak, according to GlobalData, a leading data and analytics company.

Read more: Pandemic aftermath results in slow growth for Malaysian mobile services

Nokia has won an IP/MPLS network deal with Thailand’s leading complete digital lifestyle enabler, True Group. Nokia’s solution, which will be deployed in the northeastern and eastern areas of the country where the important Eastern Economic Corridor (EEC) is located, will enable a robust 5G rollout with customized services requirements for throughput, latency and reliability.

Read more: Nokia, True Group unite to empower the region’s digital economy and lifestyle

At the New Infrastructure and Business Digitalization Forum held during the first GSMA Thrive 2020 event, Mr. Gan Bin, chief marketing officer for Huawei’s wireless network solutions, delivered a keynote speech entitled "5G Brings Five Opportunities with New Value". In this speech, Mr. Gan elaborated why "5G is the digital foundation of new infrastructure to upgrade connectivity, AI, cloud, computing, and industrial applications and inject new vitality into economic development".

Read more: GSMA Thrive 2020: “Everyone will benefit from the opportunities brought by 5G”

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