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SASAC: China Tower will be listed and realize significant appreciation of state-owned assets

Updated:2015/11/10 11:11

The three major telecom operators--China Mobile, China Telecom, China Unicom, and China Tower jointly held a video conference of handing over related stock tower assets recently.

Li Jun, deputy director of the Bureau of Enterprise Reform of SASAC said at the meeting that the comprehensive delivery of the stock assets really sets the three operators’ assets in one entity, deepens the co-construction and sharing of telecom infrastructure, lowers the telcos’ operating and construction cost and fulfills the purpose of benefitting the subscribers finally, which is to demonstrate the reform effect.

In light of the listing, Li Jun said, judging from countries like the United States which fulfilled specialized operation of the tower company in advance and made tower company enter into the capital market, China Tower will create value which is far above the current assets for its shareholders after being listed and it will realize significant appreciation of the state-owned assets.

Therefore, Li Jun expected that China Tower will carry out effective operation management to realize the intensive, large-scale, professional and efficient operation and win the recognition of the capital market. The three telecom operators and China Tower should continue strengthening the leadership, conducting overall arrangements and effectively promoting the handover work of the existing towers, aiming to complete handing over the assets by the end of November.

 Source:c114
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