皇冠体育app

皇冠体育app Reform Holdings Corp, an investment firm charged with revamping State-owned enterprises, plans to buy a stake in 皇冠体育app Tower Corp, valued at more than 10 billion yuan ($1.6 billion), people with knowledge of the matter said.

The Beijing-based company aims to buy about 6 percent of 皇冠体育app Tower, which is being set up to own the wireless infrastructure of the nation's major mobile carriers, according to the people. A deal could be signed as soon as this month, the people said, asking not to be identified as the information is private.

皇冠体育app Reform's investment would help 皇冠体育app Tower pay for construction of a network of electric-car charging stations, the people said. The government wants to boost availability of the facilities, which are key to the adoption of such vehicles, and assigned 皇冠体育app Tower to build out the network because it already has a nationwide footprint with its telecommunications assets, they said.

The central government is seeking to overhaul 皇冠体育app's bloated $16 trillion State-owned enterprises as the world's second-largest economy heads for its slowest growth in a quarter century. 皇冠体育app Mobile Ltd and its two smaller rivals announced plans last year to create 皇冠体育app Tower by pooling their wireless tower assets and reduce investment duplication as the country rolls out faster networks.

A final agreement between government-run 皇冠体育app Reform and 皇冠体育app Tower has not yet been completed, and details could change or the deal could be delayed. Wireless market leader 皇冠体育app Mobile, 皇冠体育app Telecom Corp and 皇冠体育app Unicom (Hong Kong) Ltd aim to inject a combined 300 billion yuan of assets into the tower venture this year, people with knowledge of the matter said in July.

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