Jul
19
China Tower Said Planning Up to $10 Billion Private Placement
ByChina Tower Corp., set up to own the wireless infrastructure of the nation’s major carriers, plans to raise as much as 60 billion yuan ($9.7 billion) selling a stake to outside investors, people with knowledge of the matter said.
The state-owned venture aims to sell as much as a 20 percent stake in a private placement, ahead of a planned initial public offering in 2017, the people said. A formal sale process may start as soon as the fourth quarter, three of the people said, asking not to be identified as the information is confidential…
China Tower Said Planning Up to $10 Billion Private Placement
