China Tower Corporation’s valuations from inception to future IPO
Industry valuation estimates range from US$33bn to US$56bn for the world’s largest towerco
China Tower Corporation (CTC), the world’s largest towerco, had stated its ambition to IPO since 2016, with TowerXchange previously reporting in early May the initial target date of late 2017 could get pushed to early 2018, and with Hong Kong seemingly confirmed as the desired bourse. Once veiled in secrecy on its financials, the investment community and industry gained greater clarity following CTCs asset-backed note (ABN) in December 2016. On the heels of CTC’s anniversary in July and ahead of its IPO, TowerXchange has put together a comprehensive guide from the initial asset transfer that took place in October 2015 to key considerations ahead.