China Tower invests in Laos

Source:Xinhua Published: 2018/8/29 22:08:44

State-owned China Tower, together with the Lao government and local company Click Lao Marketing and Consultancy, signed an agreement in the Lao capital to jointly establish the Southeast Asia Tower Co.

The Southeast Asia Tower Co will mainly be engaged in the construction, maintenance and operation of communication towers, power supplies and other supporting facilities, as well as indoor distribution systems and transmission systems in Laos.

According to the agreement, the shareholding ratio of the three parties is 70 percent, 15 percent and 15 percent, respectively.

The chairman and general manager of Southeast Asia Tower will be appointed by China Tower, the controlling shareholder, which will also lead the operation and management of the joint venture.

Posted in: ECONOMY

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