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The latest announcement is out from CITIC Telecom International Holdings ( (HK:1883) ).
CITIC Telecom International Holdings has announced a renewal of its service agreement for technical and support services, aimed at integrating operations with CEC-HK and CPC. This integration enables the company to leverage centralized procurement and scalable operations, resulting in improved cost efficiencies and service quality. Despite the enhanced offerings, the company does not expect to entirely replace existing third-party suppliers in the near future due to existing contracts and beneficial relationships with these suppliers. However, it anticipates a significant increase in transaction value with CEC, reflecting the growing demand for their integrated services.
More about CITIC Telecom International Holdings
CITIC Telecom International Holdings is a telecommunications company providing a wide range of services including technical and support services. The company primarily focuses on enhancing service quality and operational efficiency to remain competitive in the telecommunications market.
YTD Price Performance: -3.10%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.05B
For detailed information about 1883 stock, go to TipRanks’ Stock Analysis page.