Taiwanese telecom giant Chunghwa Telecom recently announced that the company will set up 18,000 5G base stations in next five years for over NT$40 billion (US$1.35 billion; US$1 = NT$29.66), equivalent to its 4G total investment, the Commercial Times reported on March 16. The company has purchased 5G equipment worth of NT$7.3 billion (US$246.1 million), aiming to build over 3,000 base stations this year. 
Other than Chunghwa Telecom, Taiwan Mobile and FarEasTone, the other two big telecom operators in Taiwan, are reportedly to each invest between NT$20 billion (US$674.3 million) and NT$30 billion (US$1.01 billion) in next five years. In total, these big three telecom companies are projected to allocated over 100 billion (US$3.35 billion) for 5G infrastructure.
When it comes to 5G network coverage, Taiwan’s NCC (National Communications Commission) expects more than 50% population coverage within next five years. Chunghwa Telecom is targeting more than 60% population coverage by 2022 and 85% by 2024. Meanwhile, Taiwan Mobile and FarEasTone both plan to set up 2,000 5G base stations this year, targeting 50% population coverage by 2024 and 2022, respectively.