10:16 AM EST - Yangtze Telecom Corp. : on Tuesday said that it has enter into a deal to acquire 50% equity interest in Beijing Haidian Cable Television Network Information Co. Ltd., or HDCTV following the Letter of Intent signed on May 24, with Beijing Longxin Daye Investment Consulting Company Ltd. for a cash consideration of RMB42.86 million or $6.02 million. Yangtze Telecom Corp.
shares V.SMS are trading unchanged at $0.38.
