China Tower Corporation Limited
CTOWY
Other OTC14.93
USD
- -
- -
ISIN
US16954K1079
CUSIP
16954K107
Return %
Stock
S&P500
1Y
30.96
19.01
3Y
22.38
65.48
5Y
14.85
72.20
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Li Chen
- Full Time Employees
- 25,074
- Sector
- Communication Services
- Industry
- Telecommunications Services
- Address
- Building 14 Beijing BE People's Republic of China
- IPO Date
- Jan 19, 2021
- Website
- china-tower.com
- Similar Companies
- Business
- China Tower Corporation Limited is a state-owned telecommunications infrastructure company principally engaged in the construction, maintenance, and operation of base station ancillary facilities including telecommunications towers, public network coverage in high-speed railways and subways, and large-scale indoor Distributed Antenna Systems (DAS). Its core products and services encompass telecommunications tower site leasing and co-location services; tower maintenance services including monitoring, routine inspection, breakdown handling, and property upkeep; power services such as power access, battery replacement, backup power generation, and energy applications including intelligent battery exchange and power backup systems. The company also provides site-based information services, integrating site resources for data collection, backhaul, aggregation, analysis, and other information application services. Additionally, China Tower offers trans-sector site application and energy services, focusing on clean energy adoption such as photovoltaics, and developing new digital and information technology services for telecommunications and other industries. Founded in July 2014 through the merger of telecom tower businesses of China Mobile, China Unicom, and China Telecom, China Tower operates throughout mainland China, managing over 2 million tower sites and serving more than 3.7 million tenants as of end 2024. The company is headquartered in Beijing, China and listed on the Hong Kong Stock Exchange under the ticker 0788.HK. In recent developments, China Tower has advanced its "One Core and Two Wings" strategic framework, aiming to deepen integrations and expand its portfolio in strategic emerging industries such as edge computing and AI, with a focus on digital enterprise construction and clean energy applications. It has increased investments and efforts in technological innovation, intelligent operation and maintenance, and carbon emission reduction initiatives. A notable corporate action in late 2024 includes a capital reduction and share consolidation plan to improve financial flexibility by consolidating every ten existing shares into one. The company continues to enhance its energy business through specialized battery exchange markets and power backup services while expanding Distributed Antenna System projects in high-speed rail and subway sectors to meet growing network demands. China Tower constitutes the largest telecommunications tower infrastructure service provider globally by asset scale and site count, playing a critical role in supporting China’s communications industry with a comprehensive range of infrastructure, maintenance, energy solutions, and digital service offerings across diverse industrial applications.
China Tower Corporation Limited (CTOWY) Q4 2023 Earnings Call Transcript
China Tower: Obvious Mechanical Upside To Earnings