|Breakthrough collaboration in developing new service model taps into China's fast-growing Cloud and Content Delivery markets|
HONG KONG, Feb 18, 2016 - (ACN Newswire) - CITIC Telecom International CPC Limited ("CITIC Telecom CPC"), a wholly owned subsidiary of CITIC Telecom International Holdings Limited (SEHK:1883), and CITIC Networks Company Limited ("CITIC Networks") today announced a strategic partnership framework agreement with ChinaCache International Holdings Ltd. ("ChinaCache")(Nasdaq: CCIH), the leading total solutions provider of Internet content and application delivery services in China, and ChinaCache Xin Run Technology (Beijing) Co Limited ("Xin Run"), in which ChinaCache holds 40% equity interest.
The strategic partnership sets forth a framework for the parties to collaborate in the areas of domestic and international data transmission and communications, Internet Exchange (IX) related services, Content Delivery Network (CDN) services, data center development and operation, and other value-added offerings including innovative cloud products and services.
Powerful new partnership paves superhighway to high-bandwidth capacity and data center services markets
As Asia Pacific's most trusted and award-winning information and communications technology solutions provider, CITIC Telecom CPC has always catered to customer needs by keeping abreast of market opportunities, including proactively establishing high quality data centers and expanding network and service coverage in China and worldwide. The company has also been solidifying its high bandwidth market footprint across China through CITIC Networks. The new strategic partnership among CITIC Telecom CPC, CITIC Networks and ChinaCache combines the participants' extensive coverage, abundant network and bandwidth resources, technological expertise and customer experience insights, to form a powerful collaboration that lays the foundation upon which innovative new high-bandwidth capacity and data center products and services can be offered, creating opportunities in China's ICT market.
Mr. Song Wang, CEO and Chairman of ChinaCache commented: "We are delighted to cooperate with the leading telecommunication and Internet services provider in Asia Pacific. By combining CITIC Telecom CPC's technology expertise, global presence and quality clients with our profound industry experience and resources, we are confident that this initiative is another key step towards our long term strategy of building a dedicated carrier-neutral and Internet-neutral data center network (DCN) ecosystem."
Mr. Stephen Ho, CEO of CITIC Telecom CPC, added: "With increasing demand in both local and international businesses, enterprises require a high-performing, secure, and reliable network to compete in the global marketplace. We believe that a high-speed and high-bandwidth network is the key to helping enterprises enhance their IT operations. We're excited to complement our cloud and data center solutions, and CITIC Networks' high-bandwidth network, with ChinaCache's services to tap into the fast-growing China cloud and CDN markets. This collaboration will help customers benefit from even more comprehensive ICT solutions while creating additional opportunities and value to satisfy their strategic business development needs."
Synergy of core competencies ensures customers to enjoy comprehensive, high quality services and extensive experience
The partnership was conscientiously structured to facilitate close collaboration between the companies in the areas of technology and network access. Through this collaboration, customers can benefit from comprehensive new ICT solutions that synergistically leverage core competencies among the partners, tying in their strategic business development and helping create more business opportunities and value.
Per the agreement, CITIC Networks will provide ultra high bandwidth core network services to ChinaCache and thereby greatly enhance the connectivity between ChinaCache's data centers in mainland China. With CITIC Networks' licensed core network in China, ChinaCache's customers can enjoy high capacity network services with world-class high scalability and availability.
CITIC Telecom CPC will also offer its comprehensive ICT solutions (including cloud computing, information security, and data center solutions) to ChinaCache's international customers, thus enabling customers of either company to connect within mainland China through CITIC Networks' optic fiber core network, and also benefit from CITIC Telecom CPC's broad portfolio of enterprise managed services.
The parties are currently planning further extension of the partnership to encompass the Beijing Data Center and Internet Exchange (IX) project in the near future.
About CITIC Telecom CPC
CITIC Telecom International CPC Limited ("CITIC Telecom CPC"), a wholly owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), is a trusted Information and Communication Technology (ICT) solutions provider with multiple branches across Asia Pacific, and a preferred partner by multinational corporations and business enterprises.
CITIC Telecom CPC delivers a range of innovative services, including: TrueCONNECT(TM) - an advanced MPLS VPN service which employs state-of-the-art fully meshed network, TrustCSI(TM) - an integrated suite of information security solutions, DataHOUSE - converged cloud solution and global unified management datacenter solutions, and SmartCLOUD(TM) - smarter, better and high performance cloud computing solutions which complement the company's managed network, managed security, and managed cloud data center solutions.
As further testament to its commitment in providing premium quality services in the Asia Pacific region, the company became the first VPN service provider in Hong Kong to achieve all four ICT related certifications in ISO 9001 - Quality Management System, ISO 27001 - Information Security Management System, ISO 20000 - Information Technology Service Management System, and ISO 14001 - Environmental Management System. Learn more at www.citictel-cpc.com.
About CITIC Networks
CITIC Networks is a wholly owned subsidiary of CITIC Group Corporation and offers renting and sale of network equipment and related products. It is permitted to offer provision of Internet services, construction, management and maintenance of data networks, and development and sale of software and databases. It is also one of the few which has the Type 2 Domestic Telecommunications License to build and operate optic fiber network in the PRC. It is the owner and operator of China Express Network, one of the few commercial use backbone network resources in the PRC, connecting most provincial cities across the nation through over 32 PoPs. With abundant bandwidth resources, China Express Network provides highly stable and secure data transmission services to most provincial cities across the PRC. CITIC Networks is the affiliated company of CITIC Telecom International Holdings Limited. Learn more at http://www.networks.citic.com
About ChinaCache International Holdings Ltd.
ChinaCache International Holdings Ltd. (Nasdaq: CCIH) is the leading total solutions provider of Internet content and application delivery services in China. As a carrier-neutral service provider, ChinaCache's network in China is interconnected with networks operated by all telecom carriers, major non-carriers and local Internet service providers. With more than a decade of experience in developing solutions tailored to China's complex Internet infrastructure, ChinaCache is a partner of choice for businesses, government agencies and other enterprises to enhance the reliability and scalability of online services and applications and improve end-user experience. For more information on ChinaCache, please visit http://ir.chinacache.com.
About ChinaCache Xin Run Technology (Beijing) Co., Limited
ChinaCache Xin Run Technology (Beijing) Co., Limited owns and operates ChinaCache's Atecsys Cloud Data Center ("Atecsys"). Atecsys is located in Shunyi Tianzhu Tax Free Zone in Beijing, China and is expected to become the largest International T3+ Data Center in Beijing based on the total number of server racks. Atecsys offers over 80,000 square meters of customized space for server racks and an Internet Exchange, which is expected to become China's first Internet Exchange when completed. The Internet Exchange is designed to serve the Internet industry in China with effective interconnection and peering services through world-class technologies and a private backbone line across key cities from Beijing to Hangzhou. Learn more at http://www.chinacache-atecsys.com/
CITIC Telecom International CPC Limited
+852 2170 7536
Feb 18, 2016 10:00 HKT/SGT
Topic: Press release summary
Sectors: Media, Enterprise IT, IT Individual
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