Tower firm planning alliances to reduce 5G network expenses

China Tower Corp, which manages most of the nation's telecom towers, is working to reduce the construction cost of 5G networks across China by sharing existing public resources as much as possible.

Gu Xiaomin, general manager of China Tower, said with provinces, autonomous regions and municipalities across China scrambling to build the network for the fifth-generation mobile communication technology, it becomes a key issue how to quicken the roll-out while not putting too much financial pressure on telecom carriers.

"Our solution is to partner with railways, real estate, power grid, transportation and other sectors to leverage their existing tower resources, to cut the construction costs," Gu said.