The Ministry of Industry and Information Technology released 1H2026 telecom
data. Telecom service revenue totaled 887.3 bln yuan, down 2.1% YoY; telecom
service volume at last year’s prices rose 7.7% YoY. Total mobile subscribers
reached 1.844 bln at end-June, a net add of 17.04 mln vs end-2025. 5G mobile
users hit 1.288 bln, net +84.34 mln vs end-2025, representing 69.9% of mobile
users. 5G base stations totaled 5.102 mln, net +263k vs end-2025, accounting for
39.1% of mobile base stations, up 0.9 percentage points from Q1.