CITIC Telecom CPC expands global reach with completion of Linx Telecom buyout
- When: 03 February 2017
CITIC Telecom CPC says it has finalized its acquisition of Amsterdam-based Linx Telecommunications, following completion of all regulatory clearances.
The acquisition includes Linx’s 470-kilometer submarine fiber network in the Baltic Sea, and its network operations centers (NOCs) in Moscow and Tallinn, Estonia. The acquisition also includes Linx’s data center in Tallinn, which serves as Estonia’s largest Internet Exchange (TLL-IX). These all cover high-growth potential markets including Russia, Eastern Europe, Central Asia, as well as Kazakhstan and others in the «Stan» region.
Linx Telecommunications team members have also joined CITIC Telecom CPC as part of the acquisition, contributing their technical and Russian language proficiencies with local expertise toward expanding business in the regions.
The acquisition further extends CITIC Telecom CPC’s global infrastructure and points of presence to the Central Asia, Central and Eastern Europe markets, including regions encompassed by China’s «One Belt, One Road» economic cooperation initiative, said Xin Yue Jiang, Chairman of CITIC Telecom International Holdings
«One Belt One Road is an important part of our growth strategy. We believe Linx’s acquisition is fully complementing CITIC Telecom’s development strategy of keeping mainland China as the foundation of our business, with Hong Kong and Macau serving as both base and springboard to accelerate our business expansion internationally and global network coverage,»: he said. «The acquisition will help the group become a leading ICT service provider to multinational companies and carriers beyond Asia Pacific.»
Stephen Ho, CEO of CITIC Telecom CPC said Linx’s assets represents a significant milestone along the company’s path to extending its network coverage through Central Asia and into Europe. «The addition of Linx’s professional talents, infrastructure, technology and expertise will position CITIC Telecom CPC as a leading ICT service provider to multinational and large companies worldwide. It continues our global footprint expansion, and enhances our full spectrum of managed networking services, cloud computing and other managed value-added data services to businesses around the world.»
CITIC Telecom CPC has worldwide network coverage in over 120 countries with more than one hundred POPs covering the mainland China, Hong Kong, Taiwan, Japan, Vietnam, Singapore, Malaysia, Indonesia, Thailand, Sydney in Australia, London and Frankfurt in Europe, as well as Los Angeles and New York in the US. The Linx acquisition adds another 14 countries with 24 more POPs across Western Europe, Central and Eastern Europe, as well as Central Asia.