The news came after China Mobile, the world's largest telecom operator by mobile subscribers, announced it has awarded its first round of 5G network equipment contracts worth around $2 billion.

China Mobile procured 153 units of MME telecom equipment from Swedish company Ericsson, which account for 34 percent of the company's procurements. Nokia provided 56 units, accounting for 12 percent.

When it comes to SAE telecom equipment, Ericsson provided 231 units, accounting for 34 percent of China Mobile's business, with Nokia offering 60 units, equivalent to around 9 percent of the overall procurements.

The move came as China Mobile accelerates steps to construct the fifth-generation wireless technology shortly after it won a 5G commercial license. The company aims to offer 5G commercial services in 40 cities by September.

The significant share of Ericsson and Nokia in China Mobile's procurement plans highlights that China delivers its promises of sticking to international cooperation, analyst said.