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Focus on sharing 5G network with Unicom! China Telecom chairman Ke Ruiwen explains why

caixintmt @ 2019/08/23

Ke Ruiwen said that he has reached a consensus with China Unicom on some issues, such as the 80% sides of the investment and wireless transmission side, the two sides will build and share, but remain relatively independent in the core network and business platform.

5G With the coming of the age, facing the huge investment in the future, the major telecom operators have indicated that they will embrace the development mode of "co construction and sharing". Ke Ruiwen, chairman and chief executive officer of China Telecom (00728.HK), attended the 2019 mid term performance conference in Hongkong in August 22nd. He said that the current focus is on sharing and sharing with China Unicom, because both sides have strong complementarity in terms of resources.

He said he had established a joint team with China Unicom to discuss and reach consensus on some issues in co construction and sharing, for example, in the wireless and transmission side with an investment of more than 80%, the two sides will build and share together, but maintain relative independence in the core network and business platform, so as to provide differentiated services to their customers. Ke Ruiwen believes that if the two sides build and share together, they will save capital expenditure.

On the same day, China Telecom released its first half performance in 2019, operating income fell 1.32% to 190 billion 488 million yuan, up from 2.8% to 182 billion 589 million yuan over the same period of last year. EBITDA (profits before interest, taxes, depreciation and amortization) increased by 13.3% to 63 billion 287 million yuan, EBITDA rate rose 3.2 percentage points to 34.7% compared to the same period last year, and the profit of shareholders increased by 2.5% to 13 billion 909 million yuan.


In terms of operational data, as of June 30, 2019, China Telecom had 323 million mobile subscribers, a net increase of 20 million 480 thousand compared with the end of 2018, of which 4G users increased by 23 million 710 thousand to 266 million, and 4G users accounted for 82%. Cable broadband users increased by 4 million 390 thousand to 150 million households at the end of 2018.


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