China Telecom joins hands with rival China Unicom to build 5G network

Credit: REUTERS/Jason Lee

Sept 9 (Reuters) - Two of China's big three state telecommunications companies, China Telecom 0728.HK and China Unicom 0762.HK, 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.

(Reporting by Devika Syamnath in Bengaluru; Editing by Hugh Lawson)

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