China creates operator-led towerco
Is this the start of the largest towerco in the world?
Reset your diaries. This is day zero for the Chinese telecom tower industry. With the creation of China’s first towerco, China Communications Facilities Services Corporation Limited, as a shared entity owned by China Mobile (40%), China Unicom (30.1%) and China Telecom (29.9%), we share some commentary from Sanford C. Bernstein, plus TowerXchange’s own analysis.
In August 2014 the structure of a new towerco for China was announced. China Communications Facilities Services Corporation Limited will initially focus on build to suit, but all of China’s legacy towers could potentially be injected into the entity in the future.
Liu Aili, who is also Vice President of China Mobile, will serve as Chairman of the Board at China Communications Facilities Services Corporation, while Tong Jilu will, who is also Vice General Manager of China Unicom, will serve as General Manager.