CITIC Telecom International’s Amalgamation with Pacific Internet (S) Pte Ltd

CNP, instructed by Wendy Yeo of CITIC Telecom, acted for CITIC Telecom International (SEA) Pte Ltd in connection with the transaction.

CITIC Telecom International (SEA) Pte Ltd and Pacific Internet (S) Pte Ltd announced its amalgamation, which became effective on 1 July 2021.

CITIC Telecom and Pacific Internet were both wholly-owned subsidiaries of Acclivis Technologies and Solutions Pte Ltd. Following the amalgamation, Pacific Internet is now the surviving entity and will continue to provide telecommunication services in Asia Pacific.

CITIC Telecom International Holdings Limited is a telecommunication vendor to provide telecom services in the Asia Pacific including voice service, mobile SMS and other value-added services, data service and telecom solutions to telecom operators and ISP.

Pacific Internet (S) Pte Ltd is one of Asia’s iconic ICT brands founded in 1991.

The CNP team comprised of Ken Chia (Picture), Hazel Ho-Tsastina and Sylvia Koh. 

 

Involved fees earner: Ken Chia – Colin Ng & Partners; Hazel Ho – Colin Ng & Partners; Sylvia Koh – Colin Ng & Partners;

Law Firms: Colin Ng & Partners;

Clients: CITIC Telecom CPC;

Author: Sonia Carcano