BEIJING, June 01, 2017 (GLOBE NEWSWIRE) -- ChinaCache International Holdings Ltd. ("ChinaCache" or the "Company") (Nasdaq:CCIH), a leading total solutions provider of Internet content and application delivery services in China, today announced that it has received the "Content Delivery Network (CDN) Business Operating License" from the Ministry of Industry and Information Technology of the People's Republic of China.
Under the terms of the license, the Company is allowed to operate four types of Type I valued-added telecom businesses including (1) CDN business in all parts of China, (2) Internet Data Center (IDC) business in four municipalities directly under the authority of the central government and in fourteen other cities, (3) VPN business in two municipalities directly under the authority of the central government and six other cities, and (4) Internet connection business in four municipalities directly under the authority of the central government and in thirteen provinces.
Mr. Song Wang, Chairman and CEO of CCIH commented, "We are pleased to receive the new CDN license that covers both the CDN and the IDC businesses and provides us with a
distinct competitive advantage as we further deliver customized total solution services to our customers. We received the first CDN license in China from the Chinese government in 2002 and the new license reaffirms the quality of our service and technology. Starting January 1, 2018, companies without CDN licenses will be prohibited from providing CDN services in China."
About ChinaCache International Holdings Ltd.
ChinaCache International Holdings Ltd. (Nasdaq:CCIH) is a 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 ir.chinacache.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. ChinaCache may also make written or oral forward-looking statements in its reports filed or furnished to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking
statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statements, including but not limited to the following: the Company's goals and strategies, expansion plans, the expected growth of the content and application delivery services market, the Company's expectations regarding keeping and strengthening its relationships with its customers, and the general economic and business conditions in the regions where the Company provides its solutions and services. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and ChinaCache undertakes no duty to
update such information, except as required under applicable law.
For investor and media inquiries please contact:
Investor Relations Department
ChinaCache International Holdings
Tel: +86 10 6408 5307
Mr. Ross WarnerThe Piacente Group | Investor Relations
Tel: +86 10 5730-6200
Ms. Brandi PiacenteThe Piacente Group | Investor Relations
Tel: +1 212-481 2050
Source: ChinaCache International Holdings Ltd.
News Provided by Acquire Media