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《大行報告》中金:內地重新規劃700Mhz頻譜 助建高效4G覆蓋網絡向5G演進
阿思達克 04-06 14:16
中金發表報告指,工信部重新規劃內地 700Mhz 頻譜,相信有助於推動內地建設更高效的 4G 覆蓋網絡,以及幫助電信商加快5G全面覆蓋的建設步伐。

報告指出,工信部日前發表了《關於調整700MHz頻段頻率使用規劃的通知》,將702-798Mhz 頻段頻率使用規劃由廣播電視業務調整為移動通信系統,相信通知有助於推動廣電整合加速和頻譜整理清退, 提供全國性 700Mhz 頻譜資源,其中移動通信系統頻率使用人將要承擔頻率遷移費用。

中金認為,中國移動(00941.HK)與中國廣電合作比較理想,指出中移動在取得4G FDD牌照後致力重耕低頻網絡,相信納入700Mhz 頻譜有助於其以更低成本快速完善邊遠地區的網絡覆蓋。該行又指,700Mhz 資源若用於5G網絡建設,可緩解邊遠地區的網絡建設投資, 交予中移動使用後全國可加快5G全面布網進程,中移動亦可將偏遠地區的5G網絡租借於中國聯通(00762.HK)及中國電信(00728.HK),以提升網絡投資效率和頻譜使用效率。

股份│評級│目標價

中國移動(00941.HK)│跑贏行業│65元

中國電信(00728.HK)│中性│3.0元

中國聯通(00762.HK)│中性│6.1元

中國鐵塔(00788.HK)│跑贏行業│2.5元

中通服(00552.HK)│跑贏行業│6.5元

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