Credit: REUTERS/Jason LeeSept 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)
((Devika.Syamnath@thomsonreuters.com; +91 80 6749 1130;))
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