News Event: China Radio and Television Network Co., Ltd. is officially established
2024-07-30
On October 12th, China Radio and Television Network Co., Ltd. was officially established in Beijing with a registered capital of up to 101.2 billion yuan, becoming the fourth largest operator in China. It is reported that China Radio and Television will issue mobile phone numbers in the 192 segment in the future. It is reported that China Radio and Television is expected to launch 4G services in addition to 5G services in the future.
On June 6, 2019, the Ministry of Industry and Information Technology officially issued four 5G licenses, announcing that China has officially entered the 5G era. In addition to China Mobile, China Unicom, and China Telecom, China Radio and Television also officially entered the market and obtained a 5G license at that time. China Radio and Television also has the 700MHz golden frequency band, and will rely on the advantages of the existing radio and television network to carry out 5G construction.
On September 25, 2020, China Radio and Television Network Co., Ltd. completed its industrial and commercial registration, obtained its business license, and had a registered capital of 101201072000 yuan. Among the shareholders of China Radio and Television Network Co., Ltd., in addition to traditional broadcasting and television capital such as China Radio and Television Network Co., Ltd. and Beijing Beiguang Media Investment and Development Center Co., Ltd., there are also non broadcasting and television capital such as Hangzhou Alibaba Venture Capital Management Co., Ltd., State Grid Information and Communication Industry Group Co., Ltd., Shenzhen China Merchants Technology Investment Co., Ltd., and Jiuquan Iron and Steel (Group) Co., Ltd. That is to say, China Radio and Television has already possessed the genes of mixed ownership reform since its launch.
Subsequently, China Radio and Television will issue mobile phone numbers in the 192 segment. It is understood that by signing a contract with China Mobile to achieve base station co construction and sharing, the operator business of China Radio and Television will achieve a high starting point. In the future, mobile phone users of China Radio and Television will not only be able to use their own 5G base stations, but also be able to share and use mobile base stations. In addition, China Radio and Television is expected to launch 4G services in addition to 5G services in the future.
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