China telcos mull sharing 5G network to cut costs

HONG KONG (Reuters) – China Telecom said on Thursday it is ready to build a 5G mobile network with its rivals in order to reduce costs, a proposal that is likely to cut multi-billion dollar equipment orders for vendors such as Huawei Technologies. China Unicom Chairman Wang Xiaochu said last week 5G network sharing could save it between 200 billion yuan to 270 billion yuan ($28.2 billion to $38.1 billion). Unlike South Korea and the United States, China aims to build the kind of 5G network known as stand-alone network, which is more powerful than an upgrade based on the existing 4G network but is costlier. China Mobile did not immediately respond to a request for comment. The three Chinese telecom operators, all Hong Kong-listed, have said they will treat all vendors fairly in open tenders for their 5G buildout.

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