CITIC Telecom International Holdings (HK:1883) has released an update.
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CITIC Telecom International Holdings has announced a new service agreement involving its subsidiaries CEC-HK and CPC, which will see CEC providing technical and support services in China for three years starting January 2025. This renewal comes ahead of the expiration of a previous agreement set to end in 2025 and is part of the company’s strategy to strengthen its telecom services in the region. The transactions under this agreement are considered to be on normal commercial terms and are subject to certain reporting and announcement requirements.
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