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Foreign media exposure of CITIC International Telecom will complete the acquisition of India faithfulness submarine cable

Information Source:Henan Huadong Cable Co., Ltd  Release date:2014-06-16

According to foreign media reports, CITIC International Telecommunications Company (Citic Telecom) acquisition of India Reliance Communications cable assets will reveal the answer. CITIC International Telecommunications will be $1000000000 (about 6210000000 yuan) price beat the middle two competitors completed India's reliance communications cable assets.

According to the financial times, Standard Chartered Bank is as CITIC International Telecommunications consultants involved in the acquisition. Hongkong based investment bank IRG India Reliance Communications consultant.

It is understood, by the India super rich Anil Ambani led India Reliance Communications is attempting to reduce a series of measures to $6800000000 (about 42220000000 yuan) in debt (as of March 31, 2014).

In this paper, the real exchange rate of $1 =6.2090 yuan

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