(Xinhua via NewsEdge) China Telecom recently bought three subsidiaries, namely China Telecom (Hong Kong) International, China Telecom USA and China Telecom System Integration from its parent company for a total of 1.408 billion yuan ($184 million).
Last year, the three subsidiaries made net profit after tax and non-current items of 67.844 million yuan ($8.9 million).
China Telecom (Hong Kong) International mainly deals with international IP-VPN, international private leased circuit, transnational transmission connection and Internet data center services in Asia.
Its target customers include Chinese companies requiring telecom services in the Asia-Pacific area and Asian companies and telecom operators with businesses in China.
China Telecom USA deals with similar business as the Hong Kong-based company in North America and South America. Its target customers include transnational companies and Chinese companies owning overseas businesses and requiring telecom services between Asia and America.
China Telecom System Integration mainly provides system integration services, outsourcing services, application software development and consulting services in China.
Its target customers include telecom operators requiring information technological supports and companies and governmental institutions demanding for integration and outsourcing services, such as ICT integral solutions.
© 2007 Xinhua News Agency.
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