As if the Chinese MNOs did not have enough pressure from the costs of 5G and the pressure to accelerate roll-out (see previous item), they are also facing increased competition. For Mobile and Telecom, the most pressing concern may be the rejuvenation of Unicom, for several years a lame duck, which has been given new life by the investments made by a group of large Chinese web and industrial players. But the big three are also having to deal with a long-awaited emergence of viable competition from MVNOs, as well as a fourth 5G licence holder, the cable TV provider China Broadcasting Network. The decision to increase competition, as well as to award the licences earlier than expected, is seen…