China Tower targets $10bn from HK listing

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By Jonathan Breen
15 May 2018

China Tower Corp set the ball rolling for its Hong Kong IPO on Monday, filing a prospectus for a potential $10bn listing, according to a source close to the deal.

The transaction is a spin-off by telecommunications giants China Mobile, China Telecom and China Unicom. The company owns and runs the tower assets for all three, making it the world’s largest telecom tower infrastructure service provider, according to the prospectus.

The issuer is working with joint sponsors CICC ...

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