Despite rumors which indicated OnePlus was working on a 5G version of the OnePlus 7T Pro McLaren Edition, no such device was announced at last week’s event. Now, CEO Pete Lau has revealed why the company avoided introducing a second-generation 5G smartphone.

Speaking to a group of journalists shortly after last week’s OnePlus 7T series introduction, the company co-founder confirmed the decision isn’t related to “a Pro series or T-series or another device” that must have 5G but is yet to be released. Instead, OnePlus simply doesn’t believe it’s the right time to launch a second 5G-ready flagship. The Chinese smartphone brand is looking at the current circumstances in certain global markets and waiting for “a suitable opportunity to build a 5G device.”