Li Jiacheng wants to divest his business? The largest wireless base station operator in Europe

category:Finance
 Li Jiacheng wants to divest his business? The largest wireless base station operator in Europe


After the news, long and ADR in the U.S. stock market rose sharply, closing up more than 5%. Cellnexadr rose more than 3% in the session, but ended up down more than 4%.

In July, it was reported in the media that Changhe was studying with some consultants, hoping to make its European signal tower business an independent subsidiary, and to consider selling a minority stake in the company. In August last year, Changhe announced plans to establish a new infrastructure subsidiary to operate more than 28000 signal towers in Europe, opening the door for Changhe to enter into various infrastructure transactions with European telecom infrastructure operators. The deal will help these companies reduce debt and the cost of 5g networks. Source: Wall Street news editor: Guo Chenqi_ NBJ9931

In July, it was reported in the media that Changhe was studying with some consultants, hoping to make its European signal tower business an independent subsidiary, and to consider selling a minority stake in the company.

In August last year, Changhe announced plans to establish a new infrastructure subsidiary to operate more than 28000 signal towers in Europe, opening the door for Changhe to enter into various infrastructure transactions with European telecom infrastructure operators. The deal will help these companies reduce debt and the cost of 5g networks.