ZTE Completes Sale of Congo China Telecom to France Telecom

Hong Kong Exchanges and Clearing, 12/28/12

Chinese telecom equipment and terminal manufacturer ZTE (0763.HK; 000063.SZ) has announced that the company has completed the sale of its 51% stake in Congolese telecom operator Congo China Telecom to Pan Communication Investments and Atlas International Investments. Both Pan Communication Investments and Atlas International Investments are controlled by France Telecom. The total value of the transaction was USD 1 mln.

Editor's Note: For more background on this topic, please see "Update: France Telecom Acquires Congo China Telecom" MD 10/20/11 issue.

Keywords: Pan Communication Investments Atlas International Investments telecom 000063.SZ 0763.HK ZTE France Telecom Congo Congo China Telecom M&A foreign operator overseas

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