Citic Telecom buys Baltic fibre operator
29 April 2016 | Jason McGee-Abe
Citic Telecom has acquired Linx Telecommunications, which includes its 470km optic-fibre network in the Baltic Sea.
The acquisition extends Citic’s global footprint to Central Asia, Central and Eastern Europe markets and acquired assets include Linx’s network operations centres (NOCs) in Moscow and Linx’s data centre in Tallinn, which serves as Estonia‘s largest Internet Exchange (TLL-IX).
“Our mission is ‘connecting the world with quality service’ and the acquisition of these important telecommunications assets is significant to our development strategy of expanding business internationally and increasing global network coverage, keeping Mainland China as the foundation of our business, with Hong Kong and Macau serving as both base and springboard to more opportunities,” said Xin Yue Jiang, chairman of Citic Telecom.
Linx has invested in building services in 14 countries with 24 points of presence (POPs) across Western Europe, Central and Eastern Europe, as well as Central Asia. The majority of its customers are major companies which require data services, such as Ethernet circuits, bandwidth services, MPLS virtual private networks, data centres and cloud computing.
Citic’s acquisition will also further reinforce Citic Telecom CPC’s capabilities in managed networking services, cloud computing and other managed value-added data services.
The acquisition is subject to regulatory approval, expected to complete in the second half of 2016.