China Tower gets green light for HK IPO

2 Jul 2018

Chinese mobile infrastructure firm China Tower has been granted approval to launch its initial public offering (IPO) in Hong Kong, with the company expected to raise up to USD10 billion through the listing, Reuters reports. Pre-marketing could start as early as next week, whilst the books could be opened on 9 July, sources familiar with the situation were cited as saying. As noted by TeleGeography’s GlobalComms Database, China Tower was formed from the tower businesses of the nation’s three cellcos, China Mobile, China Telecom and China Unicom. China Tower operated a total of 1.9 million tower sites at end-2017, with 2.7 million tenants.

China, China Mobile, China Telecom Corporation, China Tower, China Unicom