None of this would be possible without broadband connectivity over fixed and wireless connections. ICT applications are influencing socioeconomic development, while broadband networks are becoming the very foundation of our digital society. According to the latest statistics, digital infrastructure, represented by the broadband Internet, has surpassed railways in economic importance, contributing over 35% to global economic output. Broadband is now a new core competency for any city, state, or country.

However, broadband network development faces a variety of difficulties and challenges, especially in terms of investment models, the cost of construction and collaboration across the value chain. Broadband network development requires country-specific models and collaboration across industries and sectors.

By the end of 2016, the United States, China, EU, Finland, Russia, South Korea, Brazil, India, South Africa, Singapore and other more than 150 countries around the world released a national broadband strategy, in order to promote the sustainable development of national economy. As always, Huawei will continue our efforts in technological innovation and open cooperation, and serve our customers through our leading products and solutions. This will help create a better connected world, constantly enabling social progress, and enriching people's lives.