Telecoms company set for infusion of private capital
China Tower Co Ltd, a telecommunications tower company jointly established by the Big Three carriers — China Mobile, China Telecom, and China Unicom — is expected to kickstart its plans to absorb private capital next year, the Economic Information Daily reported on Thursday citing a source close to the matter. The report said if everything goes well, China Tower will open some parts of its business to private investors in 2015. Bai Yingzi, director of China Tower’s coordination office, said China Tower will be included in the pilot State-level program for reforms in the ownership of State-owned assets. central government has championed this model for a year now as China is grappling with huge local government debt due to its rapid urbanization. The guideline has recommended various PPP modes for different projects according to its profitability, which range from authorizing franchising, including build-operate-transfer, and build-ownoperate. It offered a format for a PPP project’s general contract, and required local governments to build a PPP project catalog, and update the progress information on each project to Beijing every month since next year.