Last year, China Tower had completed about 552,000 5G building initiatives
China Tower ended the primary quarter of the year with a complete of two, 05 million towers under administration, following a brand new addition of 18,000 sites through the interval.
In a launch, the company stated that entire tower tenants increased by 96,000 to 3.5 million, pushing the typical amount per. tower from 1.68 in Q1 last year to 1.7.
China Tower’s Internet revenue grew 28.7% year-on-year to CNY 2.2 billion ($ 343.1 million), while labor income grew 7% to CNY 22.6 billion.
Sensitive tower revenue rose 34.9% to CNY 1.2 billion, while gross sales from its vitality unit rose 70.3% year-on-year to CNY 642 million.
Meanwhile, revenues from China Tower’s tower business increased 3.1% to CNY 20.8 billion. The contribution of this business unit to general revenue decreased from 89% in Q1 2021 to 85.7% in Q1 2022.
Indoor distributed antenna system gross sales grew by 35.7 percent to 1.3 billion CNY.
With the help of Telecom Service Suppliers (TSP), the company will seize the alternatives arising from the dimensional improvement of 5G, adhere to the philosophy of joint improvement, construct a dual progress engine of “5G + DAS”, to consolidate its trade management and preserve the regular improvement of the TSP business, ”said China Tower Chairman Zhang Zhiyong.
“With the help of the Sensible Tower company, the company will seize the event alternatives pushed by the ‘Digital China’ technology, actively exploit the benefits of useful resources, focus on key sectors and engage in tower monitoring services to spice up the expansion momentum of the Sensible Tower company,” the manager added.
By 2021, the company had implemented about 552,000 5G building initiatives that supported the large-scale construction of 5G networks in the Asian nation.
Last year, the company’s TSP (telecom service providers) recorded corporate income a year-on-year increase of 4.3% to 80.19 billion. CNY, of which tower company revenue increased by 3.4% year-on-year to CNY75.85 billion. DAS business income increased by 23.0% year-on-year to CNY 4.34 billion.
China Tower was created in 2014 when the country’s mobile provider China Cellular, China Unicom and China Telecom transferred their telecommunication towers to the brand new company. The three telecommunications companies decided to create the brand new unit in a transfer to cut back on redundant construction of telecommunications infrastructure across the country. China Cellular, China Unicom and China Telecom currently have a stake of 38%, 28.1% and 27.9% respectively. State-owned asset regulator China Reform Holding owns the remaining 6%.
Chinese operators plan to build 600,000 new 5G base stations this year along with 134,000 already built in the first quarter. China expects to end this year with nearly 2 million 5G base stations, based on current government information.
Chinese language providers have deployed as many as 654,000 base stations nationwide over the past year.
The 5G community now covers all prefecture-level cities, more than 98% of county-level urban areas and 80% of township-level urban areas across the country.