AsiaInfo Enters into Stock Purchase Agreement with Call Center International Limited
AsiaInfo Holdings, Inc. (Nasdaq: ASIA) (“AsiaInfo” or the “Company”), a
leading provider of telecom software solutions and IT security products and
services in China, today announced that Bonson Information Technology Ltd.
(“Bonson”), a wholly-owned subsidiary of AsiaInfo, has entered into a Stock
Purchase Agreement (the “Purchase Agreement”) with Call Center International
Limited (“Call Center”) to purchase a 60% ownership stake in SmartCall Holding
Limited (“SmartCall”), a wholly owned subsidiary of Call Center.
SmartCall is a
subsidiaries in China, provides outbound call services on behalf of
telecommunications operators in China. SmartCall aims to obtain high-quality,
real-time subscriber feedback and help carriers successfully promote and sell
products and services.
Under the terms of the Purchase Agreement, Bonson acquired a 60% ownership
stake in SmartCall for an aggregate consideration of up to
payment is subject to the achievement of certain business goals by SmartCall.
“As competition among carriers intensifies, they are increasingly seeking
new ways to proactively reach out to their customer base to obtain first-hand
feedback, understand customers’ needs and promote new products and services,”
said Mr.
“Utilizing SmartCall’s first-class outbound call service will expand our
existing data collection, data analysis and target marketing consultation
services, and provide us with the resources and expertise to fully execute
end-to-end target marketing campaigns. In addition to gaining the expertise
and physical platform to assist China Mobile in executing their sales and
marketing strategy, this acquisition highlights our ability to leverage
relationships with existing customers in order to rollout new, innovative
solutions to China’s rapidly evolving telecom industry.”
AsiaInfo began deploying Business Intelligence (“BI”) solutions for China
Mobile in early 2000. Seizing opportunities sparked by the industry’s
restructuring in 2008, AsiaInfo has evolved to offer new innovative solutions
such as reassigning its engineers to work onsite for operators such as China
Mobile to analyze data collected by its BI solutions and design targeted sales
and marketing campaigns.
Mr.
reach this agreement and are confident that AsiaInfo’s Business Intelligence
installation base in 15 out of 31 China Mobile subsidiaries provides an ideal
platform to further enhance the efficiency of carriers’ outbound call
operations and achieve higher success rates. Going forward, we are optimistic
that AsiaInfo’s established, national sales network will transform SmartCall
from a regional service provider to a full-scale, nationwide service
provider.”
About AsiaInfo Holdings, Inc.
AsiaInfo Holdings, Inc. (NASDAQ: ASIA) is a leading provider of high-
quality telecom software solutions and IT security products and services to
some of China’s largest enterprises as well as many small and medium sized
companies in China. An established leader in the Chinese telecommunications
industry, AsiaInfo became a prominent supplier of IT security products and
services in China with the acquisition of Lenovo’s non-telecom related IT
services business in 2004.
Organized as a
United States
played a significant role in the construction of the national backbones and
provincial access networks for all of China’s major national telecom carriers,
including China Telecom, China Mobile, China Unicom and
1998, AsiaInfo has continued diversifying its product offerings and is now a
major provider of telecom software solutions in China.
For more information about AsiaInfo, please visit http://www.asiainfo.com .
Safe Harbor Statement
The information contained in this document is as of
AsiaInfo assumes no obligation to update any forward-looking statements
contained in this document as a result of new information or future events or
developments.
This document contains forward-looking information about AsiaInfo’s
operating results and business prospects that involve substantial risks and
uncertainties. You can identify these statements by the fact that they use
words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,”
“believe,” and other words and terms of similar meaning in connection with any
discussion of future operating or financial performance. Among the factors
that could cause actual results to differ materially are the following:
government telecommunications infrastructure and budgetary policy in China;
our ability to maintain our concentrated customer base; the long and variable
billing cycles for our products and services that can cause our revenues and
operating results to vary significantly from period to period; our ability to
meet our working capital requirements; our ability to retain our executive
officers; our ability to attract and retain skilled personnel; potential
liabilities we are exposed to because we extend warranties to our customers;
risks associated with cost overruns and delays; our ability to develop or
acquire new products or enhancements to our software products that are
marketable on a timely and cost-effective basis; our ability to adequately
protect our proprietary rights; the competitive nature of the markets we
operate in; political and economic policies of the Chinese government. A
further list and description of these risks, uncertainties, and other matters
can be found in our Annual Report on Form 10-K for the fiscal year ended
with the United States Securities and Exchange Commission and available at
http://www.sec.gov .
For investor and media inquiries, please contact:
In China:
Sheryl Zhang
AsiaInfo Holdings, Inc.
Tel: +86-10-8216-6039
Email: ir@asiainfo.com
Justin Knapp
Ogilvy Financial, Beijing
Tel: +86-10-8520-6556
Email: asia@ogilvy.com
In the United States:
Ms. Jessica Barist Cohen
Ogilvy Financial, New York
Tel: +1-646-460-9989
Email: asia@ogilvy.com
SOURCE AsiaInfo Holdings, Inc.