ChinaCache Forms Strategic Cooperation With CITIC Telecom CPC and CITIC Networks
BEIJING, Feb. 17, 2016 (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 the Company and ChinaCache Xin Run Technology (Beijing) Co., Limited ("Xin Run") entered into a Strategic Cooperation Framework Agreement (the "Agreement") with CITIC Telecom International CPC Limited ("CITIC Telecom CPC") and CITIC Networks Co., Ltd. ("CITIC Networks"). CITIC Telecom CPC is a leading provider of a full range of Information and Communications Technology (ICT) solutions across Asia Pacific,
while CITIC Networks owns China Express Network, which is the only core network with Type 2 Domestic Telecommunications License in China, apart from 3 local incumbents.
The Agreement outlined for the parties to collaborate in the areas of domestic and international data transmission and communications, Internet Exchange (IX) related services, CDN services, data center development and operation, and other value-added services, such as cloud products and services.
Mr. Song Wang, CEO and Chairman of ChinaCache, commented, "We are delighted to cooperate with the leading telecommunication and Internet services providers in China. By combining their technology expertise, global presence and quality clients with our profound industry experience and resources, we look forward to providing world-class CDN total solutions and interconnection and peering services for our diverse
customer base. 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 business, Chinese 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 help 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 market. The cooperation will help customers to benefit from
comprehensive ICT solutions while creating opportunities and value to satisfy their strategic business development needs."
Hong Kong-listed CITIC Telecom International Holdings Limited (SEHK:1883) is the parent company of CITIC Telecom CPC. With key markets in Mainland China and Asia Pacific, the company is actively expanding to international markets by providing interconnection and interoperability services to global telecom operators.
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, which will be approximately 15,000 when completed. Atecsys offers over 80,000 square meters of customer space and is comprised of ten buildings for the data centers and one for the 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.
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 ir.chinacache.com.
About CITIC Telecom International CPC Limited
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™ - an advanced MPLS VPN service which employs state-of-the-art fully meshed network, TrustCSI™ - an integrated suite of information security solutions, DataHOUSE - converged cloud solution and global unified management datacenter solutions, and SmartCLOUD™
- smarter, better and high performance cloud computing solutions which complement the company's managed network, managed security, and managed cloud data center solutions.
With 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: 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 Co., Ltd.
CITIC Networks is a wholly owned subsidiary of CITIC Group Corporation and provides rental and sales of network equipment and related services, including Internet services, the construction, management and maintenance of data networks, and the development and sales of software and databases. CITIC Networks is one of the few companies in China that have the Type 2 Domestic Telecommunications License to build and operate optic fiber network. It is the owner and operator of China Express Network, one of the few commercial backbone networks in China, which connects most provincial cities
across the nation through over 32 PoPs while providing highly stable and secured data transmission services. CITIC Networks is an affiliated company of CITIC Telecom International Holdings Limited. Learn more at http://www.networks.citic.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
The Piacente Group | Investor Relations
Tel: +1 212-481 2050
Source: ChinaCache International Holdings Ltd.
News Provided by Acquire Media
Close window | Back to top