On August 22, China Telecom released its first half of 2019 operating results. China Telecom also indicated in its financial report that it will actively explore and promote the co-construction and sharing of 5G network basic resources, and strive to reduce the cost of network construction and operation and maintenance. The statement echoes previous comments by Wang Xiaochu, chairman of China Unicom, on "5G Resource Co-construction and sharing".
In response, Wang Xiaochu, chairman of China Unicom, said that the biggest advantage of China Unicom's cooperation with China Telecom is that the 5G frequencies of the two companies are very close. Cooperation can improve the efficiency of their respective spectrum more quickly, and the bandwidth speed is faster and the network quality is more effective. In this way, the co-construction and sharing of the two companies, their respective maintenance and operation can greatly save maintenance costs and maintain the independence of their brands and customer groups.