Industry News

China Tower Is Valued at $47 Billion, Expected to Be Profitable in 2017

Update time : 2016-10-17 09:07:27

According to a research of some securities company, China Tower is hot worldwide due to its stable cash flow generation and growth potential. China Tower has owned 1.6 million towers totally up till now, accounting for over 98% of the tower assets nationwide and 13 times more than those of world's second largest tower company, Indus which has 116,000 towers.

The huge scale of the enterprise has influenced the situation. In 2Q16, China Tower gains revenue of CNY 13.2 billion from tower rents and lost CNY 1.3 billion, resulting from the debt of CNY 150 billion. With the pricing of 2Q16 determined, the cash payment collection may be improved, and thus China Tower is estimated to gain profit at the end of 2016 or the beginning of 2017.

China Tower is not yet listed, and the research made an initial assessment of the company's market value - assume that the Tower Company is valued at about 1 times book value, adjust the valuation method from price-to-book ratio (PBR) to EV/EBITDA.

The research valued China Tower at about $ 47 billion.

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