CITIC Telecom International to Provide Internet-Related Services to Ultimate Holding Company

MT Newswires Live06-19

CITIC Telecom International Holdings (HKG:1883) has agreed to provide a number of internet and cloud computing-related services to CITIC for three years starting June 1 and ending May 31, 2027, a Wednesday filing on the Hong Kong bourse said.

The services include an internet data center, virtual private network, internet access, information security management, cloud computing solutions, and messaging services.

CITIC is the ultimate holding company of CITIC Telecom International, holding around 58% shares in the latter.

Shares of the telecommunications company closed nearly 2% higher on Wednesday.

Price (HKD): $2.60, Change: $+0.04, Percent Change: +1.56%

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