China Telecom (3.25, -0.02, -0.61%) (00728) announced that after fair negotiation and consultation between the two parties, the company's board of directors approved the company and China Tower (0.93, 0.11, 13.41%) to sign the "Commercial Pricing Agreement" on December 13, 2022. Agreement" and "Service Agreement", valid for five years from January 1, 2023 to December 31, 2027. According to the "Business Pricing Agreement" and "Service Agreement", China Tower will continue to provide the company with communication tower leasing and other related services.
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