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Mumbai: Billionaire Anil Ambani’s battle to chip away at the Rs457 billion ($7 billion) his telecom company owes its debtors seems to get harder with each passing day. (148-1)
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Private equity companies TPG Capital and MBK Partners look to be front-runners for Hutchison Global Communications
Citic Telecom International Holdings, a subsidiary of China’s largest conglomerate, plans to pursue more strategic acquisitions and alliances after reporting a moderate rise in profit last year.
TAIPEI, Taiwan, Sept. 27, 2016 /PRNewswire/ -- CITIC Telecom International CPC Limited (CITIC Telecom CPC), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), today announced it has been honored as a best-in-class cloud service provider in delivering high performance and reliable cloud computing services. By receiving the 2016 Frost & Sullivan Taiwan Cloud Service Provider of the Year, CITIC Telecom CPC was recognized for its innovative use of the latest technology and high quality services in order to help enterprises protect their businesses through its SmartCLOUD™ cloud computing solutions.
Citic Telecom International Holdings, a subsidiary of China’s largest conglomerate, plans to accelerate its international expansion after posting uneven financial results in the first six months of this year.