Smart city investment
By Rich Zhu |
June 27, 2014, Friday
|
Print Edition
Print Edition
CHINA Telecom will invest 35 billion yuan (US$5.6 billion) in Shanghai in the three years until 2016 to construct a smart city and to upgrade family broadband and local 4G network, the company said yesterday.
The telco and the Shanghai government signed an agreement for the investment, which will also cover the building of information technology infrastructure and smart industrial parks.
China Telecom’s 4G network will cover 98 percent of the city by 2016 with 7,000 outdoor base stations. The average family broadband bandwidth will hit 50 megabytes per second, triple the current level.
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