M&A Deal Summary

VelaTel Global Communications Acquires China Motion Telecom

On March 11, 2013, VelaTel Global Communications acquired communications company China Motion Telecom for 6M USD

Acquisition Highlights
  • This is VelaTel Global Communications’ 2nd transaction in the Communications sector.
  • This is VelaTel Global Communications’ largest (disclosed) transaction.
  • This is VelaTel Global Communications’ 1st transaction in China.

M&A Deal Summary
Date 2013-03-11
Target China Motion Telecom
Sector Communications
Buyer(s) VelaTel Global Communications
Deal Type Add-on Acquisition
Deal Value 6M USD

Target

China Motion Telecom

China
China Motion Telecom (HK) Ltd. is a provider of mobile wireless network services to retail customers using its own billing support systems, customer service and sales personnel.

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Buyer(S) 1

Buyer

VelaTel Global Communications

Carlsbad, California, United States
Category Company
Sector Communications
DESCRIPTION

VelaTel Global Communications, Inc. is a provider of capital, engineering, architectural and construction services related to the build-out of wireless broadband telecommunications networks, which it then operates by offering services attractive to residential, enterprise and government subscribers.

DEAL STATS #
Overall 3 of 3
Sector (Communications) 2 of 2
Type (Add-on Acquisition) 3 of 3
Country (China) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-19 VeratNet

Beograd, Serbia

Verat is a telecommunications operator and internet service provider in Serbia and offers a full range of telecommunication services, including ADSL broadband service nationwide and wireless broadband access (WBA) in three cities where it holds radio frequency licenses, including Belgrade. VeratNet is based in Beograd, Serbia.

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