Citic Telecom

Hubbing

MVAS

why grow fast?

CTM

Data +29%?

capex

margin fell?

rev growth?

market share (monopoly)

4G license (macau)

CPC

Baoshan (500 racks)

Rent

Occupany

Clientele

Phase 2

Ap Lei Chau (700 racks)

Rent

Occupany

Clientele

Existing HK (1,700 racks)

Rent

Occupany

Clientele

CAPEX

2014

2015

Macau (300 racks)

Rent

Occupany

Clientele

Cloud

Product

Client

IDC/ICP license

Revenue?

CITIC Network

Cost?

financing

financials

revenue

margin

timing

margin fell?