China Tower ended the first quarter of the year with a total of 2.05 million towers under management, after a new addition of 18,000 sites during the period.
In a release, the company said that total tower tenants rose by 96,000 to 3.5 million, pushing the average number per tower from 1.68 in Q1 last year to 1.7.
China Tower’s net profit climbed 28.7% year-on-year to CNY2.2 billion ($343.1 million), while operating revenue grew 7% to CNY22.6 billion.
