China Tower Co., Ltd., a comprehensive service provider of communication infrastructure, an explorer and leader in the development of mixed ownership in the telecommunications industry, and a large-scale integrated communication infrastructure service enterprise mainly engaged in the construction, maintenance and operation of towers
China Tower Co., Ltd. (hereinafter referred to as China Tower) is a large-scale communication infrastructure integrated service enterprise jointly funded by China Mobile, China Unicom and China Telecom in accordance with the relevant requirements of the Central Committee and the State Council, under the direct leadership and coordination of the tower company coordination group jointly composed of the State-owned Assets Supervision and Administration Commission and the Ministry of Industry and Information Technology.
The company is mainly engaged in the construction, maintenance and operation of iron towers, as well as the construction, maintenance and operation of base station computer rooms, power supplies, air conditioning and other supporting facilities and indoor distribution systems, as well as the maintenance of base station equipment. The company was prepared for construction on March 26, 2014, and was successfully inaugurated on July 18 after more than three months of careful and orderly deployment and preparation. The company implements a total score structure, headquartered in Beijing, and has set up 31 provincial branches and municipal branches across the country. The registered capital of the company is 10 billion yuan, which is composed of China Mobile, China Unicom and China Telecom according to the proportion of 40%, 30.1% and 29.9% respectively of the three telecommunications enterprises.
According to the requirements of the establishment plan, the company will adhere to the "three-step" strategy and actively promote the implementation of various key tasks of reform and development. The first is to form a new capacity for incremental towers, site resources and ancillary facilities by the end of the year. The second is to complete the injection and acquisition of the relevant stock assets of the three telecommunications companies in about one year. The third is to introduce private capital to achieve mixed ownership, and on this basis, choose the opportunity to go public.
It is expected that in the second half of 2015, the scale of China Tower's assets will exceed 300 billion yuan. The company's development goal is to become a world-class integrated service provider of communication infrastructure, and an explorer and leader in the development of mixed ownership in the telecommunications industry.
