Sunday, 04 December 2016

China Netcom buys full control of Asia Netcom

By Reuters staff
Thursday 12 February 04

Chinese fixed operator buys its main international operation.

China's No.2 fixed-line phone company, China Netcom, said on Thursday it had bought full control of its main international operation, Asia Netcom. China Netcom said in a statement that U.S. investment firm Newbridge Capital and Japanese private equity fund Softbank Asia Infrastructure Fund recently agreed to exit Asia Netcom. It gave no financial details…

China's No.2 fixed-line phone company, China Netcom, said on Thursday it had bought full control of its main international operation, Asia Netcom. China Netcom said in a statement that U.S. investment firm Newbridge Capital and Japanese private equity fund Softbank Asia Infrastructure Fund recently agreed to exit Asia Netcom. It gave no financial details…

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