AsiaInfo Acquires Chinese Cable TV Solutions Provider

PR Newswire Asia, 4/05/10

Telecom software solutions and IT security products and services provider AsiaInfo Holdings (Nasdaq: ASIA) has announced that its wholly-owned subsidiary AsiaInfo Technologies (Chengdu) has signed a definitive agreement to acquire an 80% majority ownership stake in Hangzhou-based cable TV solutions provider Zhongbo Software Technology.

Hangzhou Zhongbo provides IT solutions such as Business Support Systems (BSS), Digital Television Operation Support Systems (DTV OSS) and Customer Relationship Management (CRM) systems for cable operators in China. With approximately 90 employees, of which over 90% are engineers, Hangzhou Zhongbo serves more than 20 cable operators, including Jiangsu Cable Company, the world's second largest cable operator in terms of number of subscribers.

Keywords: Zhongbo telecom television cable TV ASIA AsiaInfo HR M&A

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