China Mobile in 5G Tie-Up With State-Owned Broadcaster CBN
What’s New: China Mobile entered an agreement with state-owned cable TV operator China Broadcasting Network (CBN) for 5G network construction and sharing.
Under the agreement, the pair will invest equally in the new, next-generation wireless network. They will jointly own and have rights to use 5G network assets with frequency band of 700MHz.
Before the 5G network starts commercial operation, CBN may share China Mobile’s 2G/4G/5G networks on a paid basis to provide services to customers. China Mobile will provide international business transfer services to CBN on a paid basis under the agreement.
The partnership will last until Dec. 31, 2031, and can be extended with a new agreement.
Background: The tie-up is the latest move by China’s major 5G service providers to collaborate on new infrastructure construction to reduce spending amid concerns that the huge investment will add to companies’ financial burden.
Last year China granted 5G licenses to China Mobile and its two peers, China Telecom Corp. Ltd. and China Unicom Telecommunication Corp. Ltd., as well as state broadcaster CBN.
Regulators have encouraged the companies to collaborate on new network construction. In September, China Unicom and China Telecom signed a cooperation agreement to jointly build and share a 5G network nationwide. China Mobile in August signaled a potential partnership with CBN.
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