Home China Tower files for Hong Kong IPO worth possible USD 10 bln

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China Tower files for Hong Kong IPO worth possible USD 10 bln

2018-05-15 08:46:00| Telecompaper Headlines

(Telecompaper) China Tower, a mobile infrastructure operator owned by the state, has filed for an initial public offering of shares in Hong Kong. China Mobile has a 38 percent stake in China Tower, with China Unicom and China Telecom each holding around 28 percent and China Reform Holdings, a state-owned investment fund, owning 6 percent. The three carriers pay leasing fees to use China Tower's facilities.

Tags: china files hong kong


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