CITIC Telecom International Holdings (HK:1883) has released an update.
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CITIC Telecom International Holdings has announced a significant Framework Agreement with its ultimate holding company, CITIC, to provide six categories of services, including data center operations, VPN, and cloud computing, over a three-year period starting June 1, 2024. This agreement, which follows a similar set of services provided in the past, will not require independent shareholder approval as it falls within certain regulatory thresholds. The services are part of the company’s continuing efforts to offer comprehensive telecommunications and IT solutions within its corporate group.
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