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21Vianet Group, Inc. Commences Construction Of One Of China's Largest Data Centers

Stocks in this article: VNET

BEIJING, Feb. 5, 2013 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (Nasdaq:VNET) ("21Vianet" or the "Company"), the largest carrier-neutral Internet data center services provider in China, today announced that the Company has commenced construction of a new data center in the Daxing District of Beijing.

The new data center, which will be built in two phases contingent on market demand, will be one of the largest data centers in China as measured by cabinet capacity. It will occupy a gross area of approximately 42,000 square meters (approximately 452,000 square feet) once fully completed. The first phase of this data center, which is expected to be fully operational by the end of 2013, will be capable of hosting more than 3,000 cabinets. At full capacity, the data center will host a total of over 5,000 cabinets. The data center will be wholly operated and owned by 21Vianet.

Mr. Josh Chen, Founder, Chairman and Chief Executive Officer of the Company, stated, "We are excited to announce the addition of this mega data center in Beijing, China. We believe this expanded facility will further bolster 21Vianet's leading market position for hosting and management network services. In addition, we will also utilize this data center to power Microsoft's premier commercial cloud services. We remain committed to providing our customers with the IT Infrastructure services required to grow their businesses and meet today's increasingly complex and demanding networking requirements."

Mr. Shang Hsiao, President and Chief Financial Officer, stated, "We believe that with our consistent expansion in data centers and network coverage as well as the rollout of our cloud platform, we are well-positioned to capture new opportunities to become China's leader in the rapidly emerging market for cloud computing infrastructure services. At this stage, we do not expect to raise our current guidance for capital expenditures for the full year of 2013, which remains contingent upon the finalization of our roll out schedule and financing strategy."

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