According to the cooperation agreement, Unicom will cooperate with China Telecom to build a 5G access network nationwide. The two sides will delimit the region and build zones. They will be responsible for the construction of 5G network in the delimited area, who will build, who will invest, who will maintain and who will bear the cost of network operation.
5G network co-construction and sharing adopt access network sharing mode, core network construction and 5G frequency resource sharing. The two sides jointly ensure that the network planning, construction, maintenance and service standards of 5G network joint construction and sharing area are unified, and the same level of service is guaranteed. The network co-construction and sharing cooperation between the two sides and the third party can not unduly damage the interests of the other party. The ownership of both users remains unchanged, and the brand and business operations remain independent.
The two sides will adhere to the principle of maximizing the benefits of Co-construction and sharing, conducive to sustainable cooperation, not using settlement as a means of profit, uphold fair and fair market-oriented settlement, and formulate reasonable and streamlined settlement methods.
The company believes that the co-construction and sharing of 5G network with China Telecom, especially the continuous 5G frequency sharing between the two sides, will help to reduce the cost of 5G network construction and operation and maintenance, effectively achieve 5G network coverage, rapidly form 5G service capability, enhance the market competitiveness of 5G network and services, and enhance network efficiency and asset operation efficiency. To achieve mutual benefit and win-win situation.
According to the progress of the cooperation agreement, the company will fulfill the obligation of information disclosure in time in strict accordance with the listing rules and other relevant laws and regulations. I hereby announce.
Source: Liable Editor of Netease Science and Technology Report: Qiao Junyi_NBJ11279