In March, state-owned China Tower released its 2023 annual results, detailing stable, topline figures with a notably strong performance from its Two Wings businesses, tempered by subdued numbers for its core tower business. Lead Asia Researcher David Tran looks at the impact of the latest set of results from the world’s largest towerco in detail.
By the looks of its overall business performance, the world’s largest telecoms infrastructure provider China Tower is on a solid footing to position technological innovation as the centrepiece of its corporate strategy.
Consolidation and stability were the main themes of its Annual Results for 2023, highlighting a 2.0%