Saving money by combining all towers. Building one network is cheaper than building 2, 3, 4, or 7. Policy people around the world are re-discovering that basic fact. Competition is great where it works, but building duplicate networks is very expensive. The Chinese government has decided wireless towers and related backhaul are a natural monopoly and forced the three telcos to share.
Savings will range from 20% to 55%, according to the below filing by China Unicom. "Co-tenancy discount 1: a 20% discount if two companies share the use of the telecommunications towers and a 30% discount if three companies share the use of the towers. The first user will be entitled to an additional 5% discount. Co-tenancy discount 2: 40-55%."
The tower company intends to IPO next year,