Companies' message to the govt is meant to assuage fears that any ban on Huawei could escalate equipment cost
The company reported revenue of $92 billion in 2017
Huawei is forging closer commercial ties with big telecom operators across Asia, the Americas and Europe, putting the company in prime position to lead the global race for future 5G networks
With preparations on for commercial rollout in the telecom sector of fifth-generation technology (5G) by 2020, data prices are likely to drop quite substantially.Beside people to people communication, it will expand applications to connect things (the internet of things) and address vertical businesses. Chinese network gear maker Huawei Technologies says the early stage of 5G rollout will see a boost in internet connectivity, at a much more affordable price."We believe that 5G, once commercially rolled out, can help operators reduce the cost of data production to a tenth of the current cost, depending upon fulfillment of conditions like carrier bandwidth and use of cutting-edge technologies like Massive MIMO," Emmanuel Coelho Alves, wireless marketing director at Huawei, told Business Standard.Data prices in India are already among the lowest in the world, thanks to Reliance Jio, which disrupted the market last year with its rollout of 4G services. Jio offered data at extremely cheap .