Brief: China Mobile's Board Approved Commercial Pricing Agreement With China Tower
13/12/2022 15:32
Dec 13 (Reuters) - China Tower Corp Ltd 0788.HK :
* BOARD APPROVED UNIT ENTERING INTO COMMERCIAL PRICING
AGREEMENT
AND SERVICE AGREEMENT WITH CHINA TOWER
* BOTH AGREEMENTS FOR TERM OF FIVE YEARS
* UNDER AGREEMENTS, CHINA TOWER WILL MAINLY PROVIDE LEASING
OF
TELECOMMUNICATIONS TOWERS
* EXPECTS TOTAL VALUE OF RIGHT-OF-USE ASSETS RECOGNIZED IN
CONNECTION WITH LEASE OF ASSETS WILL BE RMB60,000 MILLION TO
RMB70,000 MILLION
Source text for Eikon: ID:nHKS6vPhn5
Further company coverage: 0788.HK
((Reuters.Briefs@thomsonreuters.com;))