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| Continues to Grasp Market Opportunities and Consolidates IDC Industry Leadership |
HONG KONG, Feb 27, 2018 - (ACN Newswire) - Neo Telemedia Limited ("Neo Telemedia" or the "Group"; stock code: 8167), which focuses on internet and big data operations, has been accelerating the development of its Internet data center ("IDC") business since its business restructuring in 2014. Last year, this development has gained momentum as the Group signed cooperation agreements with different parties with the objective of consolidating its industry-leading position.
In 2017, the Group managed about 80 IDC and operated approximately 7,600 cabinets in China and overseas through its wholly-owned subsidiary. In particular, the total number of cabinets in Guangzhou, Shanghai, Beijing-Tianjin-Hebei metropolitan region and Shenzhen are 5,000, 1,200, 800 and 600 respectively.
In view of the increasing demand for IDC across China and improving the quality of related services, the Group is speeding up the development of its IDC business to meet this demand and capture a higher market share. During the second half of 2018, the Group expects to increase the number of cabinets in the Guangzhou and the Shenzhen regions by about 1,100 and 1,000 respectively, in the Hebei region and the Shanghai region by anpit 500 each and in Heshan city by about 5,000. It is expected to increase an additional of approximately 8,100 cabinets that brings the total number of cabinets owned by the Group to nearly 16,000 by the end of 2018. Such moves are expected to help strengthen the Group's position in the industry and further broaden its customer base.
Recognizing the constantly changing data development, the Central Government has recently proposed the implementation of the National Big Data Strategy to hasten the optimization of digital infrastructure and push ahead with the integration and sharing of, and access to, data resources. The Group believes its development direction is aligned with the country's national strategic direction for the big data segment. Looking ahead, the Group is continuing to explore potential investment and cooperation opportunities in the IDC, cloud computing and related business sectors. Building on the experience of the management and quality services, the Group is confident of seizing the opportunities in the industry and creating greater value for shareholders by promoting IDC business development driven by the strong demand across China.
About Neo Telemedia Limited (stock code: 8167)
Neo Telemedia Limited and its subsidiaries (collectively, the "Group") is a telecommunications group focusing on the Internet and big data sectors, subsequent to its recent corporate restructuring. The Group has been included as a constituent stock in the MSCI China Small Cap Index since November 2015. Its wholly-owned subsidiary, Guangdong Bluesea Technology Company Limited, has partnered with Shangdong Inspur Group to form a joint venture, Guangdong Bluesea Inspur Cloud Computing Company Limited to establish a large cloud computing centre in Southern China. In early 2015, the Group signed several agreements to explore various opportunities in WiFi access services, application of cloud computing in the PRC. Additionally, to capture the opportunities arising in the Internet financing market in the PRC, the Group has officially launched its internet finance business platform under its subsidiary, Avatar Wealth in May 2015. The Group has also launched another internet finance business platform with Bees Financial. Shenzhou Aerospace Manufacturing Technology (Guangdong) Institute, which was jointly established by the Group, Shenzhou Aerospace Software Limited and Chancheng District People's Government of Foshan, was registered as a non-profit organization at the Department of Civil Affairs of Guangdong Province on 23 October 2015. At the end of 2015, the Group invested in the Internet data center of Guangdong Bluesea Mobile Development Co., Ltd., including the Bluesea Intelligence Valley in Jiangmen.
For press enquiries
Strategic Financial Relations Limited
Joanne Lam Tel: 852-2864 4816 Email: joanne.lam@sprg.com.hk
Cecilia Shum Tel: 852-2864 4890 Email: cecilia.shum@sprg.com.hk
Jeffrey Tam Tel: 852-2864 4858 Email: jeffrey.tam@sprg.com.hk
Fax: 852-2527 1196
Topic: Press release summary
Source: Neo Telemedia Limited
Sectors: Media & Marketing, Daily Finance, Cloud & Enterprise, Daily News
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From the Asia Corporate News Network
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