However, there are signs that the ITU's timeframe may be too conservative, taking into consideration the boldness shown by international tech giants as they vie for dominance in the 5G industry at this early stage.
In a market environment already featuring fierce competition, Chinese telecommunications companies are not only active participants, but also rising stars among the top ranks.
For example, ZTE unveiled the prototype of its 5G-compatible phone at this year's Mobile World Congress (MWC) held between Feb. 26 and March 1 in Barcelona, Spain.
Headquartered in southern China's Shenzhen city -- which has become a hub of the country's digital economy in recent years -- the company said it is working on commercializing a range of 5G products by the end of this year.
Also at the just-concluded MWC, Huawei, now a world leading telecommunications equipment manufacturer, presented what it claimed to be the world's first commercial chipset that meets the standards of 5G networks.
Having showcased altogether 20 new products, the company reaped eight "Global Mobile Awards" at the international gathering, all of them honoring its achievements in 5G technologies.
"Huawei began its research and development (R&D) on 5G in 2009, and in 2018 we have 30 pre-commercial trials across Asia, Europe and the Americas," Joe Kelly, vice president of Huawei's international media affairs, told Xinhua. He said the company will implement some of its first commercial contracts for 5G products this year.
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