Telecom China Unicom merger before the Tower Listed

China cable and China Telecom, China Mobile, China Unicom three basic telecom enterprises (hereinafter referred to as "three telecom companies") and China ZMS cable Holding Co., Ltd. (hereinafter referred to as "China ZMS cable") signed a transaction agreement, China cable will be three telecommunications companies to acquire the entire stock of the tower of the underlying asset, and synchronize the introduction of a new shareholder China ZMS cable.

Previously, the three telecom companies and Chinese Tower stock asset inventory assessment carried out jointly assess the value of the underlying asset tower three telecom companies a total of about 231.4 billion yuan. China cable will share with a combination of cash issues, and the acquisition of these assets.

In addition, China cable will be synchronized to the Chinese nation's new shares. After the completion of the transaction, the Eiffel Tower will be held by China 38% stake in China Mobile, China Unicom holds a 28.1% stake, China Telecom holds a 27.9% stake, and China holds a 6% stake in the new country. The signing of the transaction agreement, marking China cable Following the rapid formation of a new strategic goals ability, is nearing completion of the stock of assets into the second strategic objective, and fully carry out the operation and management of the stock of the tower of the underlying asset.

Tower stock acquisition of three telecom companies related assets, is the Chinese Tower to achieve intensive, an important basis for large-scale, professional, efficient operations. After completion of the transaction, China will give full play to scale the tower, through efficient operation and management, improve facilities sharing rate and reduce single-tower operation and maintenance costs, meet three telecom companies and other 4G communication infrastructure needs, and promote the long-term healthy development of the industry. 

For three telecom companies, the future can be fully shared with China cable resources, save a lot of investment and operation and maintenance costs, focus on core business operations, improve market competitiveness, and accelerate the pace of transformation and upgrading. For society, it will reduce resource consumption and promote environmental protection, universal service and enjoy more.

It is reported that China cable under Deepening the reform of state-owned enterprises and telecommunications reform and promoting communication facility sharing in the background, China Telecom, China Mobile, and China Unicom, the three telecom companies jointly funded the establishment of integrated services enterprise communications infrastructure. July 18, 2014, formally established, the main tower construction, maintenance, and operation run the engine room station construction, power supply cable, air conditioning, and other facilities and indoor distribution system, maintenance, maintenance and operations, and base station equipment. 

After the establishment of China cable, to determine the "three-step" strategy: first, the rapid formation of an incremental Tower, site of the new resource capacity, and ancillary facilities. The second step, in 2015 the completion of the three telecom companies related to the stock of assets injection and delivery. The third step is to choose the market and achieve the development of mixed ownership.

To achieve the second strategic objective, starting from October 2014, the three telecom companies and Chinese Tower jointly launched an inventory and assessment of the stock of Tower's underlying assets. Tower-related assets large-scale, all over the country, with the support of all parties, after nearly a year of effort, the stock Tower-related asset inventory and assessment work has been successfully completed.