M&A Deal Summary

CITIC Telecom International Holdings Acquires China Motion Netcom

On August 31, 2008, CITIC Telecom International Holdings acquired communications company China Motion Netcom for 260M HKD

Acquisition Highlights
  • This is CITIC Telecom International Holdings’ 1st transaction in the Communications sector.
  • This is CITIC Telecom International Holdings’ 0th largest (disclosed) transaction.
  • This is CITIC Telecom International Holdings’ 1st transaction in China.

M&A Deal Summary
Date 2008-08-31
Target China Motion Netcom
Sector Communications
Buyer(s) CITIC Telecom International Holdings
Deal Type Add-on Acquisition
Deal Value 260M HKD

Target

China Motion Netcom

China
China Motion Netcom Ltd. offer wholesale and retail international direct dial (“IDD”) services with the support of a global service network covering countries and areas. CMN has strong overseas teams supporting seven overseas operation centres in Hong Kong, Taiwan, Singapore, Japan, the United Kingdom, the United States of America and Canada.

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Buyer(S) 1

Buyer

CITIC Telecom International Holdings

Kwai Chung, China
Category Company
Founded 1997
Sector Information Technology
Employees2,146
Revenue 10.0B HKD (2023)
DESCRIPTION

CITIC Telecom International Holdings is an information and communications technology company. CITIC provides cloud computing solutions, IP Networking services, information security solutions, and data center services. CITIC Telecom International Holdings was founded in 1997 and is based in Kwai Chung, China.

DEAL STATS #
Overall 1 of 4
Sector (Communications) 1 of 3
Type (Add-on Acquisition) 1 of 1
Country (China) 1 of 1
Year (2008) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-11 Companhia de Telecomunicacoes de Macau S.A.R.L

Macau, Macau

Companhia de Telecomunicacoes de Macau, S.A.R.L is the incumbent telecom provider in Macau, The company has exclusive rights to offer domestic and international customers fixed voice until the end of 2011, while its domestic and international leased circuits and transit services are now provided on a competitive basis since 18 November 2009.

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