Telecom firms take cautious approach to 5G investment

China's major telecom players are taking a cautious approach when it comes to 5G investment, an industry report has revealed.

UBS Securities Co Ltd, the investment bank and brokerage, expects capital expenditure on fifth-generation communication technology to be more measured compared to the rollout of 4G.

Tech standards for 5G have yet to be finalized, while the report is concerned about how the new network will be monetized.