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China Unicom's 80b yuan spending plan to aid 4G introduction

Views:0     Author:Site Editor     Publish Time: 2018-03-09      Origin:Site

China Unicom plans capital expenditure of 80 billion yuan (HK$101.2 billion) this year, with the outlay supporting its high-speed network with the launch of 4G services next month. It aims to extend coverage to more than 300 cities by December.

The mainland's second-largest wireless network operator announced the plans yesterday after posting a 46.7 per cent rise in net profit to 10.4 billion yuan for last year。

"Our policy is that we will continue to provide seamless 3G and 4G services to subscribers," Chang Xiaobing, the firm's chairman and chief executive, said yesterday in Hong Kong.

He said Unicom hoped Beijing would grant it the licence to operate the FDD-LTE standard, which is a more widely adopted 4G standard internationally.

In December, Beijing awarded 4G mobile licences to the three major telecommunications network operators, allowing them to operate on the TD-LTE standard, a mainland-developed 4G standard. "We hope the FDD licence will be granted to us as early as possible," Chang said. He did not say if this would happen in the first half of this year.