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Citic Telecom shares surge after $1.2bln Macau deal
January 14, 2013 / 1:45 AM / 5 years ago

Citic Telecom shares surge after $1.2bln Macau deal

HONG KONG, Jan 14 (Reuters) - Shares in Citic Telecom surged 13.4 percent on Monday after it agreed to buy a 79 percent stake in a Macau telecom company from Cable & Wireless Communications and Portugal Telecom for $1.2 billion, giving the Chinese company greater access to fast-growing Macau.

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