China Tower and Alibaba have announced that they formally established a strategic partnership on August 17. The world’s largest telecom tower operator will collaborate with Alibaba on cloud computing, edge computing, big data, and 5G. In return, the company will provide infrastructure for Alibaba’s IoT projects.
China Tower will also leverage the 1.9 million tower sites it manages across China and other infrastructure to allow Alibaba to implement cloud-based smart city and smart transportation projects.
In 2014, China Mobile, China Unicom, and China Telecom, China’s only three telecom companies, formed China Tower by merging their telecom operations to avoid duplicating business and to strengthen tower business. On August 8, China Tower had its debut in Hong Kong Stock Exchange and raised at least HK$54.3 billion ($6.9 billion). The company plans to use 60% of the IPO to increase tower numbers and existing ones. The other 40%, according to the company, will be used for financial operation and debt payment.
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