CITIC eyes B&R telecom opportunities

CITIC Telecom CPC, a carrier owned by China's State-owned investment company CITIC, has completed the acquisition of Linx Telecommunication BV, an Amsterdam-based telecom provider.

Linx operates in 14 countries, many of which are within the area covered by the Belt and Road Initiative.

Stephen Ho, CEO of CITIC Telecom CPC, said: "We made this acquisition because Linx Telecommunication has teams, technology, and clients within the Belt and Road economies, from Central and Eastern Europe to Russia." He said Linx offers a route into the region.