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AsiaInfo Acquires Changjiang Technology's Telecom Operation Business
December 29, 2005 |
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Comments | Category: Telecom & Wireless
AsiaInfo Holdings (ASIA) has signed an agreement to acquire Shanghai Changjiang Technology Development Company Limited's telecommunications operation support business group.
According to the terms of the agreement, AsiaInfo will acquire certain assets as well as the current contract backlog from Changjiang Technology's telecom operation support business group. AsiaInfo will also gain license rights to certain software held by Changjiang Technology.
As part of the AsiaInfo's strategic realignment to focus on core business lines — telecom software solutions and security products and services — AsiaInfo recently divested certain non-core businesses and enhanced its telecom software offerings through the acquisition of Zheda Lande's telecom operation support business group.
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