China Radio and Television, the fourth largest telecom operator, is here!

Expanding 5G business has attracted much attention

　　Our reporter Wang He

　　The fourth largest telecom operator is here!

China Radio and Television Network Co., Ltd. (hereinafter referred to as "China Radio and Television") was formally established in Beijing recently, becoming a new "entry" after the three major telecom operators of China Telecom, China Mobile and China Unicom.

　　"In the long run, the change of telecom operators from three to four will intensify existing competition to a certain extent, but in the short term, the addition of China Radio and Television will have little impact on the industry." Fu Liang, an independent analyst in the communications industry Said in an interview with a reporter from Securities Daily.

　　Registered capital of hundreds of billions

　　Focus on three major businesses in the future

　　It is understood that China Radio and Television has completed the registration on September 25 this year, with a registered capital of 101.2 billion yuan. Its business scope includes cable radio and television transmission services; cable radio and television network maintenance, operation, testing, and security management services; radio and television program production; Internet information services; operating telecommunications services, etc.

　　After the establishment of the company, in accordance with the requirements of "unified construction, unified management, unified standards, and unified brand", a unified operation and management system for cable TV network integration and broadcasting and television 5G construction will be established.

　　According to data from the Ministry of Industry and Information Technology, as of the end of August this year, the total number of mobile phone users of the three major operators has reached 1.598 billion, of which the total number of 4G users is 1.290 billion.

　　"It is not easy for China Radio and Television to leverage the stock market from the three existing operators." Pan Helin, executive dean and professor of the Institute of Digital Economy, Zhongnan University of Economics and Law, told a reporter from the Securities Daily.

　　However, China Radio and Television's 5G business has attracted much market attention.

Previously in 2019, China Radio and Television obtained a 5G license issued by the Ministry of Industry and Information Technology. In May of this year, China Radio and Television and China Mobile began cooperation. The two parties will jointly build and share a 700MHz and 2.6GHz band 5G wireless network.

　　A brokerage analyst who did not want to be named told the Securities Daily reporter that China Radio and Television may better integrate with traditional services when entering the communications field. For example, through 5G networks, China Radio and Television can establish a new content distribution platform to achieve high-definition. , Ultra HD TV live broadcast, etc.

　　According to Song Qizhu, Chairman of China Radio and Television, the company will focus on three major businesses in the future, namely, national business (5G), base business (media content + new field business) and local business (cable TV + broadband), and will build a radio and television system. In terms of content, the new network of 5G and wired interaction and coordination of the national one network will reshape the new supply of national one network content services.

　　In Pan Helin's view, China Radio and Television has unique advantages in promoting new 5G applications in the living room, such as a clearer 8K digital TV, more entertainment and audiovisual, and more living room entertainment.

The key is whether the broadcasting system has the courage and mind to dig deep and innovate to expand the boundaries.

　　46 shareholders initiated the formation

　　Capital diversification

　　In addition to business, China Radio and Television's diversified shareholder structure has also become a highlight.

　　Among the 46 shareholders who participated in the establishment of China Radio and Television, in addition to the participation of traditional radio and television systems, they also included non-radio and television companies such as Hangzhou Alibaba Venture Capital Management Co., Ltd. and State Grid Information and Communication Industry Group Co., Ltd.

In addition, 11 A-share listed companies have also participated in the establishment of China Radio and Television, of which Guiguang Network invested 200 million yuan, holding 0.20% of the shares.

　　As one of the equity shareholders, the relevant person in charge of Guiguang Network said in an interview with a reporter from the Securities Daily: "The construction of'One Network in the whole country' and radio and television 5G is both an opportunity and a challenge for China Radio and Television. In general, China Radio and television can seize development opportunities from three aspects. One is to give full play to its advantages to achieve resource optimization and integration; second, to rely on smart radio and television to continuously expand new areas of 5G; third, to promote the deep integration of radio and television networks and new technologies such as 5G based on technology For development, it is especially necessary to seek cross-border cooperation with other advantageous industries with brand-new concepts."

　　It further pointed out that specific provinces can give full play to their unique advantages. If some provinces have advantages in content resources, terminal research and development, innovative applications, etc., they can be replicated and promoted to the entire network by setting up content bases and terminal bases.

　　"The participation of diversified capital is to allow China Radio and Television to get more help in the future development." Pan Helin told a reporter from Securities Daily.

(Securities Daily)