Partnership Combines ChinaCache's Leading CDN Services and China Telecom's Dominant Network Resources and Extensive Customer Base
The Company Will Hold a Conference Call and Webcast at 8:00 PM ET March 26, 2014
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 enterprises, traditional enterprises, and Government and media customer segments. "Telecom carriers are now facing a rapid shift in demand from voice transmission to data transmission and they would 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."