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Three telecom giants invest over 90 bln yuan in Cuncuntong project

BEIJING
2015-10-19 16:12

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China's three basic telecom operators have invested more than 90 billion yuan in the Cuncuntong project, or the project of extending telephone and broadband networks to every village, the telecom news portal c114.net reported on Monday.

Zhang Feng, chief engineer of China's Ministry of Industry and Information Technology, said the project has connected about 210,000 administrative villages and natural villages to the national telephone network and about 150,000 villages to the broadband network.

By the end of August, the three telecom giants, China Mobile (CHL.NYSE; 00941.HK), China Telecom (CHA.NYSE; 00728.HK) and China Unicom (CHU.NYSE; 00762.HK; 600050.SH), had expanded the fiber-to-the-home network to cover 366 million families and increase the number of fixed-line broadband users to 209 million, he said.

However, still about 50,000 administrative villages across the country have no access to the broadband network, in which more than 80 percent are in central and western China.

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