BEIJING, March 25, 2014 (GLOBE NEWSWIRE) -- ChinaCache International Holdings Ltd. ("ChinaCache" or the "Company") (Nasdaq:CCIH), the leading total solutions provider of Internet content and application delivery services in China, today announced that it has entered into a strategic partnership with China Telecom, the world's largest broadband provider, to jointly operate its content delivery network (CDN) and to optimize China Telecom's network efficiency nationwide.
ChinaCache and China Telecom will jointly build out and manage a CDN platform that combines China Telecom's extensive network resources and ChinaCache's vast experience developing CDN technologies and services. Through this partnership, China Telecom will share their network resources while ChinaCache will help to provide CDN platform technologies, technical support and customer services. ChinaCache will gain access to China Telecom's superior performing broadband network and can leverage their strong enterprise sales team to jointly promote the CDN network. These efforts support ChinaCache's goal of increasing CDN penetration across the country, particularly among the Internet enterprise, traditional enterprise, and Government and media customer segments.
"Telecom carriers are now facing a rapid shift in demand from voice transmission to data transmission and they need an effective partner to help them transition through this paradigm shift. We are honored to be China Telecom's strategic CDN partner where we can showcase our technological strength and service capabilities," said Mr. Song Wang, Founder, Chairman and CEO of ChinaCache. "The demand for high quality content and a better user experience is increasing among China's rapidly growing Internet community. Our strategic focus on partnerships with leading telecom carriers support our ability to service this need and further expand our business. This partnership, in particular, will enable us to further differentiate our Company by demonstrating our commitment to best-in-class CDN platforms and optimization by utilizing high-quality network resources to bring more value to our customers."
The partnership between ChinaCache and China Telecom is designed to pave the way for future collaboration between the two companies for a series of value-added services, including big data, mobile Internet and cloud computing. This agreement is consistent with the "Broadband China" initiated by the Ministry of Industry and Information Technology to help enhance the efficiency and performance of China's core broadband network.
China Telecom is an integrated, full-service information operator and the world's largest wireline telecommunications, CDMA mobile network and broadband Internet services provider, with more than 100 million broadband subscribers. The company accounts for more than 50% of broadband traffic across China and is the largest Internet infrastructure provider that hosts a majority of China's Internet content today.
The Company will hold a conference call and live webcast at 8:00 PM ET on March 26, 2014 (8:00 AM Beijing time on March 27, 2014) to discuss the strategic partnership with China Telecom for CDN deployment.
The details for the conference call & webcast are as follows:
U.S. dial-in number: +1 (845) 507-1610
Hong Kong dial-in number: + 852 3051-2792
International dial-in number: + 61 (2) 8373-3610
China dial-in number: 400-1203-170
Conference ID: 19817785
A live audio webcast of the call can be accessed by visiting the 'Investor Relations' section of ChinaCache's website at en.chinacache.com. An archive of the webcast will be available on the Company's website following the live call.
A replay of the conference call will also be available approximately two hours after the conclusion of the live call until April 2, 2014 by dialing:
U.S. dial-in number: +1 (855) 452-5696
International dial-in number: +61 (2) 8199-0299
China dial-in number: 400-1200-932
Conference ID: 19817785
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 en.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. Statements that are not historical facts, including statements about ChinaCache's beliefs and expectations, are forward-looking statements. 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 our 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.
Ms. Edith Kwan
ChinaCache International Holdings
Tel: +86 (10) 6408 5307
Ms. Brandi Larsen
The Piacente Group | Investor Relations
Tel: +1 212-481-2050