China Tower stands tall in tech flood with $8.7bn IPO

telecoms tower 230x150
By Jonathan Breen
26 Jul 2018

Telecommunications infrastructure giant China Tower found huge demand for its multi-billion-dollar IPO this week as it kicked off bookbuilding in Hong Kong. The deal is a counter-balance to a flood of technology listings in the market this year. Jonathan Breen reports.

China Tower owns and runs the tower assets of the mainland’s three telecom giants — China Mobile, China Telecom and China Unicom — making it the world’s largest telecom tower infrastructure service provider. The company’s IPO could net proceeds of up to HK$68.1bn ($8.7bn), which would make it ...

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