The size and scale of China Tower’s business is staggering. By year-end 2022, China Tower operated close to 2.1 million towers. That’s a net increase of 17,000 sites from the end of 2021. Compare that to American Tower which is the largest independent tower company in the world with 223,055 towers at year-end 2022, and almost 7,000 new tower builds for the year.
China Tower primarily serves the country’s state-owned telecommunications service providers (TSP) – China Mobile, China Telecom, China Unicom, and China Broadnet. The four TSPs accounted for a total of nearly 3.4 million tower tenants, a 102,000 year-over-year increase. The TSP tenancy ratio increased from 1.60 to 1.65 over the same period last year, showing a continuous increase in the level of site colocation. Continue Reading