China United Network Communications Corp. Ltd. entered into a framework agreement with China Telecom Corp. Ltd. to co-build a 5G access network in China.
As part of the "co-build, co-share" partnership, the companies will delineate and designate districts in 15 cities for construction of the 5G network. The company responsible for the construction in a designated region will bear the relevant investment, maintenance and operating cost of the network.
Both companies will ensure a unified standard on network planning, construction, maintenance and service in the regions and ensure the same service level. Financial terms of the agreement were not disclosed. China United is a wholly owned subsidiary of China Unicom (Hong Kong) Ltd.
