China Tower’s long-awaited debut on the Hong Kong Stock Exchange reflected escalating trade tensions between the US and China amid a rapidly changing infrastructure landscape. The offering netted US$6.9bn, valuing the world’s largest tower company at nearly US$28bn – the largest IPO since Postal Savings Bank of China, which raised $7.4bn in 2016. The deal priced at HK$1.26 per share, the bottom end of its targeted range, as ongoing uncertainty in... 

Growing momentum in low Earth orbit connectivity is not only good news for the fledgling newspace sector and the data-hungry markets it hopes to serve. These newspace startups also promise regional geostationary satellite operators an easier road to meet their global ambitions. After Spain’s Hispasat invested in LeoSat, a broadband venture targeting enterprise customers, could more regional players strike similar alliances to extend their reach for less capex than the conventional GEO route? The largest...