Read this article to learn:
- What is China Tower Corporation, how does it operate, and what does it own?
- Lease rates for China Tower and independent towercos
- Growth opportunities and regulatory landscape
- Valuation benchmarks, tenancy ratios, and investibility
China is home to the world’s largest towerco China Tower Corporation (CTC), as well as a fragmented but substantial ecosystem of 200+ independent towercos. CTC’s much anticipated IPO on the Hong Kong Stock Exchange has been delayed to 2018 (Q2 or Q3) from its original target of 2017 year-end, with a goal to raise US$10bn….