"Shared Success" - China Mobile International and CITIC Telecom International Sign Strategic Cooperation Framework Agreement

(April 22, 2020 – Hong Kong, China) China Mobile International Limited (CMI) and CITIC Telecom International Holdings Limited (CITIC Telecom) today signed a “Strategic Cooperation Framework Agreement”. The two companies agreed to strengthen collaboration and to continue to share the success in the areas of international telecommunications, regional integrated telecommunications business in the Guangdong-Hong Kong-Macao Greater Bay Area and enterprise solution business.

The ceremony was held at the Hong Kong Headquarter of CMI, agreement jointly signed by Dr. Li Feng, Chairman & CEO of CMI, and Mr. Xin Yue Jiang, Chairman of CITIC Telecom. CMI Director and Executive Vice President, Mr. Shen Weizhong, Executive Director and CEO of CITIC Telecom Mr. Cai Dawei, Executive Director and CFO of CITIC Telecom Mr. Esmond Li and other senior managements of the two companies attended the signing ceremony.

Currently, the “Belt and Road” initiative, the Development of the Guangdong-Hong Kong-Macao Greater Bay Area, the “One Center, One Platform, One Base” positioning in Macau and other macroeconomic policies have brought forth tremendous development opportunities for corporations in the region. The revolutionary transformation driven by 5G, cloud computing, big data, AI, IoT etc., has provided the telecommunications and ICT corporations new thoughts on understanding customer needs, market and product development, agile action and collaboration between industries. The recent outbreak of the COVID-19 epidemic is bringing ongoing impact, it also presented immediate opportunities and challenges for companies to exert their respective strength in order to contribute to the society.

Dr. Li Feng, Chairman & CEO of CMI, said, “CITIC Telecom and CMI have built a long-term strategic partnership with close cooperation in international telecommunications, integrated telecommunications business in Macau region and enterprise solutions business. With our wealth of submarine and terrestrial cable resources, POPs and data centers across the globe, CMI will provide quality cross-border services to CITIC Telecom’s customers via our comprehensive carrier solutions, iCONNECT.”

Chairman of CITIC Telecom, Mr. Xin Yue Jiang said, “The strategic partnership between CMI and CITIC Telecom has been successful and established for a long time. In view of the tremendous opportunities brought forth by the macroeconomic and industrial transformation, we both felt we have the responsibility and strong sense of mission to further strengthen our strategic partnership, in order to achieve complementary advantages, to collaborate and to accomplish win-win, and together we will bring quality services to our customers, and to further contribute to the success of our corporations’ strategic goals.“