Citic bond sale to fund CTM takeover

19 Feb 2013

Chinese state-backed, Hong Kong-based telco Citic Telecom International is planning a US dollar-denominated bond sale to help pay for its takeover of a controlling stake in Macau’s monopoly fixed line operator Companhia de Telecomunicacoes de Macau (CTM), reports Macau Daily Times. Citic has hired Deutsche Bank, Standard Chartered and UBS to arrange the offering, according to a regulatory filing, to help finance the purchase of a 79% stake from Cable & Wireless Communications and Portugal Telecom to add to Citic’s existing minority stake in CTM.

Macau, Companhia de Telecomunicacoes de Macau (CTM), CITIC Telecom International,


Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate


Have feedback, corrections, or story ideas? Send them to

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
  • Regulators

Learn more about advertising on CommsUpdate.