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Thursday, 25.04.2024, 18:00
Chinese company buys Linxtelecom's Tallinn center and Baltc Sea cable
The acquisition of Citic Telecom International CPC Limited, a wholly-owned subsidiary of Citic Telecom International Holdings Limited, also includes Linx's data center in Tallinn, which serves as Estonia's largest internet exchange, TLLIX.
The acquisition further extends Citic Telecom CPC's global infrastructure and points of presence to the Central Asia, Central and Eastern Europe markets, Citic Telecom said in a press release.
"Our mission is 'Connecting The World with Quality Service' and the acquisition of these important telecommunications assets is significant to our development strategy of expanding business internationally and increasing global network coverage, keeping Mainland China as the foundation of our business, with Hong Kong and Macau serving as both base and springboard to more opportunities," Xin Yue Jiang, chairman of Citic Telecom International Holdings Limited, said when the transaction was first announced in April 2016.
With the transaction, Citic acquired an extensive telecommunications infrastructure and business operations that the Dutch Linx group has built to service customers in 14 countries with 24 points of presence across Western Europe, Central and Eastern Europe, as well as Central Asia. The acquisition includes a 470 kilometer, 120 gigabit per second submarine fiber network which connects Sweden, Finland and Estonia, as well as TLLIX.
TLLIX is physically located at the Estonian headquarters of Linx Telecommunications on Sole Street, Tallinn.
Linxtelecom Estonia, provider of communications and server services and operator of