Vendor

China Tower Invests Communication Infrastructure in Laos

Updated:2018/8/30 10:05

The company signed an agreement with the Laotian government and Krick Laos Market Consulting Co., Ltd. in Vientiane to jointly invest in the establishment of the Southeast Asian Tower Co., Ltd., which mainly managed the telecommunication tower, base station room, power supply and other ancillary facilities in Laos, as well as the construction,operation and maintenance of indoor distribution system and transmission system.

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 the board of directors of Southeast Asia Tower Co., Ltd. are appointed by the China Tower. As the controlling shareholder, the China Tower will also dominate the operation and management of the joint venture.

 Source:C114
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