China Mobile becomes the biggest shareholder of tower company

Sina Science and technology news July 11 afternoon, the three major operators issued an announcement this afternoon, the three parties today signed an agreement to jointly launch the establishment of China Communications Facilities Service Co. Joint venture company registered capital of 10 billion yuan, the three major operators are in cash form of shares, China Mobile, China Telecom and the Chinese Unicom shareholding ratio of 40%, 29.9% and 30.1% respectively. Bulletin shows that China's communications facilities Services limited business scope is as follows: The main tower construction, maintenance and operation, run the base station room, power supply, air-conditioning and other ancillary facilities and indoor distribution system construction, maintenance and operation as well as base station equipment generation dimension. At present, the initiator agreement parties are in the initial stage of considering a certain amount of telecom assets to be injected into China communication Facilities Service Co. The three operators said that the establishment of China Communication Facilities Service Co., Ltd. will be conducive to reducing the domestic telecommunications industry in the tower and related infrastructure duplication of construction, improve the efficiency of the industry investment, and further improve the telecommunications infrastructure sharing level, to ease the difficulties of enterprise location, enhance the enterprise intensive development of endogenous power, Further promote the conservation of resources and environmental protection from the mechanism. The establishment of China Communication Facilities Service Co., Ltd. will also help to reduce the overall investment size of the company, effectively revitalize assets, save capital expenditure, optimize cash use, focus on core business operations, enhance market competitiveness, accelerate transformation and upgrading. (Chen Hui)