CITIC Telecom Announces Strong Revenue Growth

Hong Kong-based ICT solutions provider CITIC Telecom International CPC Ltd, a wholly-owned subsidiary of CITIC Telecom International Holdings Ltd, last week announced strong growth fuelled by increasing Asia Pacific demand for its VPN and cloud services.
CITIC’s revenue increased by almost 30 percent year-on-year, Stephen Ho, chief executive of CITIC Telecom CPC, said.
Said Danni Xu, research analyst at Frost & Sullivan, said: “CITIC Telecom CPC was able to achieve an exemplary growth rate in 2012, outcompeting most of its competitors in the Greater China VPN market. Its growth leadership position is backed by its decent customer base enlargement, solution profile enhancement, as well as infrastructure expansion.”
CITIC Telecom CPC also launched an expanded Singapore office and new service operating presence in Malaysia to support continued ASEAN growth, and further bolster its global footprint, it said in a statement.
The Singapore office, which will operate as the company’s new regional hub for Southeast Asia, will provide customer support, engineering, sales and other services, CITIC said.
“These expanded points of presence will enable even higher service quality to our customers,” said Stephen.
“We can deliver higher responsiveness to help ASEAN customers troubleshoot issues, or provide advice for upgrades and migrations. I expect we will grow our Singapore staff by about 70 percent in the coming years.”
“With a strong footprint in Asia, we are looking forward to global growth,” added Stephen. “We are using Asia Pacific as a springboard to the world.”