Could China Tower be a 2.71mn site, 4.67mn tenant giant by 2022?
What we learned about CTC through their recent US$6.9bn IPO process
China Tower Corporation completed the world’s biggest IPO in two years in August 2018, and is poised to be a critical enabler of 5G through macro and micro sites, site based information and IoT services. This article reviews CTC’s KPIs, highlights four distinct business models within the corporation, and shares CTC’s forecasts for the growth of the tower market in China.
China Tower Corporation (CTC), the world’s largest tower company, raised US$6.9bn in an IPO on the Hong Kong stock exchange, making it the largest market debut since 2016. The state-owned, Beijing-based company, commands 97.3% of the revenue from the infrastructure network that supports China’s mobile communications.