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Asiainfo Signs Two Agreements To Expand China Market Share

May 28, 2006
Telecom & Wireless

AsiaInfo (ASIA) has signed an agreement with Shanghai E-mice Information Technology Company to acquire Shanghai E-mice's business of call center, customer relationship management and business support system servicing Shanghai Mobile.

Asiainfo has also entered into an agreement with Beijing GCTech Company to acquire some of GCTech's assets and businesses, including telecom software contracts with China Netcom and China Telecom.

According to the terms of the agreement with Shanghai E-mice, AsiaInfo will acquire all outstanding customer contracts that Shanghai E-mice has with Shanghai Mobile, and other related assets.

AsiaInfo will also gain an exclusive license to use Shanghai E-mice's proprietary call center software, which is currently being used by Shanghai Mobile, for a period of 5 years.

Through AsiaInfo's agreement with GCTech, AsiaInfo will acquire certain of GCTech's assets and businesses, including telecom software contracts with China Netcom and China Telecom, as well as certain key employees, and other related assets. The base payment is US$3.5 million and full consideration will be calculated based on a performance-related formula.

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