Two of China’s big three state telecommunications companies, China Telecom and China Unicom, on Monday entered an agreement to build a 5G mobile network in a bid to reduce costs.
China Telecom had last month said it was ready to join hands with its rivals to build the network.
Under the “co-build, co-share” deal, both parties will demarcate districts in 15 cities for the network construction, mainly with reference to their respective total scale of 4G base stations.
