China Tower seeks to raise up to $8.8b in Hong Kong IPO

Skyline of Shanghai, China. Photo: Heathclyff Syndor/Unsplash

China Tower, the world’s biggest operator of mobile phone network masts, plans to raise up to $8.8 billion from a Hong Kong listing at a valuation of up to $35 billion, Thomson Reuters publication IFR reported, citing people close to the deal.

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