Wang Xiaochu said he has applied for FDD-LTE license

NetEase technology news May 30 news, according to Hong Kong's Finet News reported that China Telecom chairman Wang Xiaochu said yesterday that has applied for FDD-LTE 4G license, is currently working with the government, hoping to obtain a license as soon as possible.

Wang Xiaochu said China Telecom will appropriately increase its capital investment after obtaining a license. Telecom's capital expenditure this year is 80 billion yuan, of which half is for 4G business.

In addition, Wang Xiaochu said that with China Mobile and China Unicom will set up tower facilities company to avoid repeated construction of facilities, will help reduce the capital expenditure of three companies. Apart from the establishment of the tower facilities company, there are no other resources to share the cooperation plan. Three operators are still discussing the details of the establishment of the tower company, including the allocation of shares, when to introduce civilian resources, and the leasing tower details.

Wang Xiaochu said it will make reference to the agreement of the International Tower Corporation to decide on the cost of acquiring the tower and the leasing fees, and at the same time, to set the proportion of China Telecom's equity.

According to Wang Xiaochu, China Telecom currently holds 270,000 towers across the country. Due to the different types of towers, it is temporarily difficult to assess the valuation of the tower. (Easy to Branch)