Citic Capital, Temasek to buy Chinese software firm Asiainfo for $900 mn
13 May 2013
A consortium led by China's Citic Capital and Singapore's sovereign wealth fund Temasek Holdings today agreed to buy US-listed Chinese telecom software firm Asiainfo-Linkage Inc for about $900 million.
The consortium that includes Asiainfo-Linkage founder Edward Tian has offered to pay $12 per share, a premium of 2.8 per cent to the company's closing price of $11.68 on 10 May.
With around 10,000 employees, Beijing-based Asiainfo-Linkage provides telecomm software and information technology related services to carriers and cable television operators in China, as well as in other countries.
It clients include China's major national telecom carriers like China Telecom, China Mobile, China Unicom and China Netcom.
It software includes business operation support systems, billing, customer relationship management and partnership relationship management applications; business intelligence systems, including data warehousing platforms, online analytical applications and data mining applications and operation support systems (OSS) package.
The company has developed and implemented business support systems, operation support systems and business intelligence systems for all three major telecom operators in China.