CITIC Telecom Renews Connected Network Services Deal With CITIC Group Associate

CITIC Telecom International Holdings ( (HK:1883) ) has shared an announcement.

CITIC Telecom unit CEC has renewed its network circuit services arrangement, signing a new three-year 2026 Network Services Agreement with an associate of ultimate controlling shareholder CITIC Group. The deal, effective from 19 February 2026 to 18 February 2029 after the current 2023 agreement expires, covers continued leasing of circuits and racks for data networking on a fee schedule that combines a one-off set-up charge and monthly prepayments based on location, technology, bandwidth and distance.

Under the renewed agreement, the network services provider will move from primarily SDH-based delivery to a more advanced mix of telecommunications technologies, aiming to enhance efficiency and service quality for CEC. Classified as a continuing connected transaction under Hong Kong Listing Rules due to CITIC Group’s shareholding links, the arrangement is subject to reporting, announcement and annual review requirements, but is exempt from independent shareholders’ approval as the applicable percentage ratios remain below the 5% threshold.

The most recent analyst rating on (HK:1883) stock is a Buy with a HK$3.00 price target. To see the full list of analyst forecasts on CITIC Telecom International Holdings stock, see the HK:1883 Stock Forecast page.

More about CITIC Telecom International Holdings

CITIC Telecom International Holdings is a Hong Kong–incorporated telecommunications group that provides network, data and related connectivity services. Through subsidiaries such as CEC, it focuses on network circuit services including circuit and rack leasing to support data networking needs in regional and cross-border markets.

Average Trading Volume: 3,304,170

Technical Sentiment Signal: Buy

Current Market Cap: HK$9.62B

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