Industry News

China Tower to Be listed in 2017

Update time : 2017-03-25 09:09:54

At the results briefing announcement of China Mobile, Liu Aili, its deputy general manager and chairman of China Tower said that the Tower Company is expected to go public in Hong Kong in 2017, or in the first half of next year if it failed. However, the company's A-share listing timetable is still unknown.

China Tower has invested nearly CNY95 billion, delivered 1.142 million tower construction projects by now. Its site assets rented by China's three state-run mobile operators have jumped 146 percent (China Telecom), 78 percent (China Unicom) and 47 percent (China Mobile).

Behind the impressive numbers, the fact is that China Tower owes CNY150 billion. This year, its leadership sees listing as a chance to reduce the debts and cut the interest, optimize the corporate governance system and bring greater capital gains to its shareholders.

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