Fexon Technology Ltd: China's telecommunications services 500 million yuan purchase telecommunications infrastructure business

Fexon Technology Ltd reports: China's telecommunications services (0552. HK) yesterday(Fexon Technology Ltd) announced that total 505 million yuan to purchase the entire telecommunications infrastructure to provide communication services in China building equity groups to further explore overseas markets and enhance their competitiveness, the company will pay the total cost of internal resources.

During that service, built-in takeover target as at end of December last year only carrying value of the net assets of about 469 million yuan; As of the end of December last year, in addition to tax and non-recurrent profits of 29.46 million yuan project. Built-in the main business is the provision of telecommunications infrastructure services, including fixed and mobile telecommunications network-related construction projects, such as 3 G technology standard TD-SCDMA, one of the construction project.

In the Community said the acquisition will help enhance our competitiveness, optimizing the customer base, open up overseas markets, and operational synergies.

In the Community is the largest provider of telecommunications infrastructure construction, from six provinces and municipalities of China Telecom's divestitures and reorganization of the industry, and in 2006 successfully landed in Hong Kong capital market. In August 31, 2007, in-service through the acquisition of China Telecom's remaining 13 provinces (autonomous regions and municipalities), and related assets to achieve the overall listing. China Mobile, China Unicom and China Netcom are the property of their equity shareholders.(Fexon Technology Ltd)

More news:

Fexon Technology Ltd: TD restructuring of the upper reaches of the cell phone industry chain

http://groups.google.com/group/asia-domain-name/web/asia-domain-name-registration-limited-shanda-appointment-as-president-tan-zhao-qun