China Telecom, a state-owned firm, said it’s ready to build a 5G mobile network with its rivals in order to reduce costs, a proposal that is likely to weigh on multibillion-dollar equipment orders for vendors such as Chinese tech giant Huawei Technologies. The latter is privately owned, but has close ties to the Chinese military.
China’s big three state telecom companies are racing to roll out fifth-generation network services in more than 50 cities this year, following countries such as South Korea and the United States that have already rolled out the service that promises to support new technologies, such as autonomous driving.
