Companhia de Telecomunicações de Macau

Companhia de Telecomunicações de Macau S.A.R.L. (Chinese: 澳門電訊有限公司) known as CTM is a telecommunications company in Macau, which obtained a monopoly franchise license from the government except for mobile telephone services.

Companhia de Telecomunicações de Macau

Type	subsidiary
Industry	Telecommunications Mobile Communications
Founded	20 October 1981
Headquarters	Macau, China
Area served	Macau
Key people	Vandy Poon, CEO
Products	Comprehensive telecom service
Owner	CITIC Telecom International
Website	www.ctm.net

History

Prior to 1981, telecommunications in Macau fell mainly under the purview of Macau Post and Telecommunications. Residents in Macau had to wait many months simply to have a telephone connected. To make a telephone call to Hong Kong was a lengthy procedure which had to be placed through an operator.

On 29 September 1981, an agreement was reached between the then Portuguese Macau government and the British telecommunications company Cable & Wireless plc to set up the new company Companhia de Telecomunicações de Macau S.A.R.L.. Shareholders included Marconi Comunicações Internacionais (the Portuguese operations of the UK-based Marconi Company, acquired by Portugal Telecom (now Altice Portugal) in 2002), CITIC Pacific (later transferred to subsidiary CITIC Telecom International in 2010) and Macau Post.[1]

In June 2013, CITIC Telecom International’s transaction in acquiring the entire shareholding in CTM of both Cable and Wireless Communications and Portugal Telecom was officially approved by the Macau SAR Government. CITIC Telecom International became the controlling shareholder of CTM (99%) with the Macau Postal Savings as the remaining shareholder(1%).

See also

• Telecommunications in Macau

References

1. "About CTM". Companhia de Telecomunicações de Macau. Retrieved 2013-11-30.