Cable & Wireless Communications (CWC) has confirmed reports that it is in talks to sell its 51% controlling stake in Companhia de Telecomunicacoes de Macau (CTM) to Hong Kong-listed international wholesale telecoms carrier CITIC Telecom International, which already owns 20% of the Macau telco. CITIC Telecom International also confirmed that the discussions were taking place, adding that no agreement had yet been reached. As reported by the Wall Street Journal, CITIC Telecom International plans to fund the acquisition from its internal resources, bank or debt financing, or equity financing, including a rights issue. Additionally, its owner CITIC Pacific is considering selling some of its shares in CITIC Telecom International to its parent, the Chinese state-backed CITIC Group.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors