CITIC Telecom Acquires Entire CITIC Telecom Tower, Full-speed into Data Centre Market

CITIC Telecom Acquires Entire CITIC Telecom Tower, Full-speed into Data Centre Market

CITIC Telecom International Holdings Limited acquires the remaining floors of CITIC Telecom Tower and helps its wholly-owned subsidiary CITIC Telecom International CPC Limited to seize the huge opportunities in the cloud-computing service and data centre market.


HONG KONG, Nov 8, 2016 - (ACN Newswire) - CITIC Telecom International CPC Limited ("CITIC Telecom CPC"), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited ("CITIC Telecom" or "The Group"; HKEX: 1883), is pushing full-speed ahead in expansion into the data centre market. The Group's acquisition of the remaining floors of CITIC Telecom Tower is a major driver of this thrust and the progress already achieved will support CITIC Telecom CPC in its effort to capture the immense opportunities in the cloud computing service and data centre market.


Data centre services indispensible to support the rising cloud computing trend

As a world-class communication hub, Hong Kong has been offering excellent ICT infrastructure to multinational enterprises based in Hong Kong and targeting the global market. The sweeping wave of cloud services in recent years has created more opportunities for enterprises. In 2016, Hong Kong has been named the most prepared APAC location in rolling out cloud computing. Compared to our APAC peers, Hong Kong ranks highest for international connectivity and the lowest in data center risk, reflecting that Hong Kong is the most suitable city for enterprises to develop their business.

In view of Hong Kong's advantages and the rising demand of cloud computing services, wider application of big data, rapidly advancing Internet of Things (IOT) technology and the sharp increase in enterprise data traffic, enterprises have stronger requirements for highly secure hybrid and private cloud service as well as safe, reliable, stable and high-speed connected cloud data centres. This trend has generated huge market opportunities which CITIC Telecom CPC aims to capture.

Expands coverage of the data centre in CITIC Telecom Tower to seize greater opportunities

Providing innovative technologies, safe and high quality services is the key to success for ICT solution providers. As a most trusted one-stop ICT solution partner, CITIC Telecom CPC has not only launched a wide range of cloud computing services, but has also actively expanded the coverage of its cloud data centre and provided full support to enterprises informationization and digitalization for deploying business applications in the cloud service platform. CITIC Telecom CPC has realised rapid growth in its cloud computing services and cloud data centre businesses in the past few years. The approval of the resolution in relation to the acquisition of the remaining floors of CITIC Telecom Tower by The Group can strongly spur the development of the cloud computing business. It also enables The Group to meet market demand and align with its business development decision.

Mr. Stephen Ho, CEO of CITIC Telecom CPC said: "The acquisition of the remaining floors of CITIC Telecom Tower will bolster the development of our cloud data centre business. We have been striving to strengthen our ICT solutions and our goal is to achieve expansion in network coverage, information security, diversification in cloud computing services and expansion of our cloud data centre. The scale of our cloud data centre in CITIC Telecom Tower will double after the completion of the first phase of the new data centre construction work. Together with our more than 100 global points-of-presence, 11 cloud service centres, 27 cloud data centres and the acquisition of the telecommunication business of Linx Telecommunications earlier this year with network coverage in Central and Eastern Europe, Central Asia and the 'One Belt One Road' countries, we are set to build a stronger leadership position in the global market."

"Looking ahead, we will strengthen our capabilities in the innovative information and communications arena including big data analytics, IOT, network functions virtualisation (NFV) and software defined everything (SDX). We will also assist enterprise customers in broadening their global business presence through utilising our world-class network facilities, solutions and services."

High-end data centres bring greater synergies 

CITIC Telecom Tower located in Kwai Chung enjoys geographical advantages. It is also the second Hong Kong Internet eXchange (HKIX2) which interconnects with multiple Tier-1 carriers. Thus local and multinational enterprises alike can grow their businesses leveraging CITIC Telecom's seamless global telecommunications ecosystem. 

The completion of the acquisition of the remaining floors of CITIC Telecom Tower by CITIC Telecom will add 10 floors to the data centre coverage and increase the total number of racks to more than 4,000 within the over-340,000 sq.ft. building, thus creating greater opportunities for further business development. Construction of the expansion work of the first phase is set to commence immediately after the acquisition is completed with scheduled completion during 2018. The number of racks of CITIC Telecom CPC in CITIC Telecom Tower would then be doubled, which will complement the company's all-round business development.

CITIC Telecom CPC's existing global portfolio of 27 Tier III+ cloud data centres covering the Asia Pacific region, the U.K. and the U.S. provides quality data and server hosting services to customers. The cloud data centres in Hong Kong are located in CITIC Telecom Tower in Kwai Chung in the New Territories and Aberdeen on Hong Kong Island respectively. As both places are self-owned properties by The Group, CITIC Telecom CPC can be freed from the potential disruption of relocating its cloud data centres due to lease contract issues. The cloud data centres of CITIC Telecom CPC boast high-speed and highly secure network connections. Besides, their wide coverage also enables it to provide backup and disaster recovery services within the city as well as across different regions and countries, making it a trustworthy partner for enterprises looking for data security and integrity.

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