China Tower Corporation’s journey to profitability in Q42016 and IPO in 2017
World’s largest towerco increases tower sharing and sets industry benchmarks
Since its inception in July 2014, China Tower Corporation (CTC) broke even in 2016, becoming profitable in the last quarter of the year as it seeks to IPO by the end of 2017 in a best-case scenario. As a state-owned giant, CTC has flexed its muscles considerably in mobilising governmental resources to improve site acquisition, as well as set industry pricing benchmarks. TowerXchange takes a look back at what CTC has accomplished in 2016 as it shepherds the country deeper into 4G and eventually 5G.
Over the almost three-year period since CTC’s inception, 501,000 less towers were built than would have been necessary before they were shared, with considerable savings in land use and investments.