Policy & Regulation

China Tower strives to be listed in 2017, Hong Kong is preferred to be the listing place

Updated:2016/3/21 10:26

China Mobile releases the financial results of 2015 on March 17th.

At the press conference of financial results, Liu Aili, deputy general manager of China Mobile Group and chairman of China Tower, said China Tower strives to be listed in 2017 and Hong Kong is preferred to be the leading listing place, and China Tower will not rule out A-share listing.

In 2015 China Mobile has completed transfer of tower assets with a consideration of CNY 102.736 billion, holding 38% shares of China Tower. China Mobile has gained CNY 10.1 billion net profit in one shot in 2015 through the transaction and spent CNY 5.6 billion on the rent of towers in November and December 2015.

 Source:C114
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