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The three major telecom operators in China formally founded the "Tower Company" with CNY 10 billion

Updated:2014/7/15 09:43

Last Friday, China Mobile, China Unicom and China Telecom separately announced that the three major operators in China would set up a joint venture and found the China Communications Facility Services Co., LTD, also known as the "State Tower Company" inside the industry.

China Mobile, China Unicom and China Telecom invest CNY 4 billion, 3.01 billion and 2.99 billion respectively, with the responding shareholding of 40%, 30.1% and 29.9%.

The Tower Company will mainly focus on the construction, maintenance and operation of the towers, and also with that of the supporting facilities and the indoor distribution systems as a side line, including the base stations, power and air conditioners, and the agent maintenance of equipment in the base stations. At present, the founders are in the initial stage that consider the input of certain telecom assets into the Tower Company.

The three major operators said in the report, the establishment of China Communications Facility Services Co.,LTD would help to reduce the repeated construction of the towers and related infrastructures in the domestic telecom industry, improve the investment efficiency, and further improve the co-construction and sharing of telecom infrastructures, this would also alleviate the location-choosing problems and enhance the internal impetus of the intensive development of enterprise, and further promote the conservation of resources and protection of environments. Meanwhile, this move would also help reduce the overall investment in the company, optimize the fund use efficiency, focus on core services and improve the market competition ability.
 Source:C114
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