BRIEF-China Unicom Hong Kong Announces Cooperation with China Telecom on 5G Network Co-build Co-share
Sept 9 (Reuters) - China Unicom Hong Kong Ltd:
* UNIT ENTERED A FRAMEWORK AGREEMENT WITH CHINA TELECOM CORPORATION OF COOPERATION ON 5G NETWORK CO-BUILD
* CHINA UNICOM AND CHINA TELECOM WILL COOPERATE TO CO- BUILD ONE 5G ACCESS NETWORK NATIONWIDE
* BOTH PARTIES WILL DELINEATE AND DESIGNATE REGIONS FOR CONSTRUCTION OF 5G NETWORK BY EACH PARTY
* SUBSCRIBER OWNERSHIP WILL REMAIN UNCHANGED WHILE INDEPENDENT BRANDING & BUSINESS OPERATION WILL BE MAINTAINED FOR EACH PARTY
* COOPERATION WITH CHINA TELECOM WILL ENHANCE REDUCTION OF 5G NETWORK CONSTRUCTION, OPERATION AND MAINTENANCE COSTS
* 5G NETWORK BASED ON CO-SHARE OF ACCESS NETWORK & 5G SPECTRUM RESOURCES, CORE NETWORK TO BE CONSTRUCTED INDEPENDENTLY Source text for Eikon: Further company coverage:
