China Tower Corp., which owns and manages the mobile phone towers for China's three state-owned telecom operators, has adopted a "sharing economy" business model and has increased its overall mobile network tower sharing rate from 14.3% to reach 73.0%, said China Tower chairman Liu Aili.
This year, China Tower plans to list on a capital market in order to continue growing its state-owned assets under management. Liu Aili said that if China Tower is unable to complete an IPO quickly, it will have difficulties resolving its debt and financing cost problems, which will negatively impact the operations of its three telecom parent entities and directly harm their interests.
Liu Aili said that last year China Tower began to break even, but that its profitability is currently relatively weak.
Editor's Note: The Chinese source article from which the summary above was drawn did not elaborate on the specific time periods being compared when discussing growth of the network tower sharing rate.