China Tower plans to go public in HK

China Tower Corp, a joint venture handling the telecom tower assets of the mainland's top three mobile carriers, is expected to generate a profit this year, and it aims to go public in Hong Kong this year or in the first half of next year.

Wang Xiaochu, chairman of China United Network Communications Ltd, which owns 28.1 percent of China Tower, revealed the news on Tuesday.

"As a shareholder, we are expected to see good profits from China Tower this year," Wang said at an investor conference in Shenzhen, Guangdong province.