Citic Pacific unit eyes Macau CTM takeover

Citic Telecom International, a subsidiary of Hong Kong conglomerate Citic Pacific, plans to acquire a controlling interest in Macau's main telecommunications network operator.

In a joint filing with the Hong Kong stock exchange yesterday, Citic Telecom and Citic Pacific said talks had started with Cable & Wireless Communications to buy its 51 per cent stake in Companhia de Telecomunicações de Macau (CTM).

via Business feed http://www.scmp.com/business/companies/article/1063539/citic-pacific-unit-eyes-macau-ctm-takeover