CITIC Telecom CPC Acquires Telecommunication Assets of Linx Telecommunications
CITIC Telecom CPC is acquiring extensive telecommunications infrastructure and business operations that Linx has built to service customers in 14 countries with 24 points of presence (POPs) across Western Europe, Central and Eastern Europe, as well as Central Asia. With a wealth of local experience and advanced technologies, Linx Telecommunications has been investing heavily in constructing extensive networks and providing a variety of bandwidth services, including a 470 kilometer submarine fiber network covering thecountries surrounding the Baltic Sea which connects Sweden, Finland and Estonia. The majority of its customers are major companies which require data services, such as Ethernet circuits, bandwidth services, MPLS virtual private networks, data centers and cloud computing.
Chairman Xin Yue Jiang said: “We are leveraging Linx’s extensive network resources and experience in Central Asia, Central and Eastern Europe to significantly boost our access to, and capability to handle, opportunities from the “One Belt, One Road” initiative, in addition to addressing and better serving our customers’ business needs in these regions.”