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Tag: citic
TNT Agrees to Sell China Road Unit to Citic Private-Equity Funds
2013-03-28 09:48:51| Air Courier - Topix.net
TNT Express NV agreed to sell its Hoau domestic road operations in China to private equity funds as the delivery company focuses on European business following the failure of a takeover by United Parcel Service Inc.
Asian Dollar Bonds to Get M&A Boost as Citic Telecom Plans Notes
2013-02-18 13:53:58| IT Services - Topix.net
Citic Telecom International Holdings Ltd. is planning a U.S. dollar-denominated bond sale to help pay for a stake in Macau's monopoly landline operator.
Tags: notes
plans
dollar
asian
Citic to buy 79% stake in CTM for USD 1.16 bln
2013-01-14 01:56:00| Telecompaper Headlines
(Telecompaper) Hong-Kong based telecommunication service provider Citic Telecom has signed two sale and purchase agreements with Cable & Wireless Communications and Portugal Telecom to acquire their interests in Macau operator CTM. Citic will buy Cable & Wireless' entire 51 percent stake for USD 749.7 million and a 28 percent interest from Portugal Telecom for USD 411.6 million. The two acquisitions are conditional upon each other. Citic Telecom currently holds a 20 percent interest in CTM, and after the transactions are completed, the company will have a 99 percent holding in CTM, which will then become a subsidiary of Citic Telecom.
Citic Telecom Buys 79% of Macau Phone Operator for $1.16 Billion
2013-01-13 17:17:03| IT Services - Topix.net
Citic Telecom International Holdings Ltd., controlled by China's biggest state-owned investment company, will buy 79 percent of a Macau phone operator for $1.16 billion to expand in Greater China.
Tags: phone
operator
billion
telecom
Citic Telecom Said to Buy 79 Percent of Macau Telecom Operator
2013-01-13 12:34:17| Telecom - Topix.net
Citic Telecom International Holdings Ltd. plans to buy 79 percent of a Macau phone operator for about $1.16 billion, according to two people with knowledge of the transaction.
Tags: buy
percent
operator
telecom