First Foreign Invested Company to Fulfill More Stringent Requirements of the Value-Added Services License
Pacnet announces today its equity joint venture in China, Pacnet Business Solutions (China) ("PBS"), has been awarded an Internet Data Center (IDC) license by the Ministry of Industry and Information Technology (MIIT) to provide data center network services in Chongqing, China.
This award expands Pacnet's data center network footprint in China, which also includes data centers and network Points of Presence (PoPs) in Shenzhen, Beijing, Shanghai, Chengdu and Xi'an.
"Chongqing is the most important megacity in Southwest China and a very important hub for Pacnet's data center network not only throughout China, but also the rest of the Asia-Pacific region," says Henry Lam, Chief Executive Officer of PBS.
Pacnet today announced its equity joint venture in China, Pacnet Business Solutions (China) ("PBS"), has been awarded an Internet Data Center (IDC) license by the Ministry of Industry and Information Technology (MIIT) to provide data center network services in Chongqing, China. This award expands Pacnet's data center network footprint in China, which also includes data centers and network Points of Presence (PoPs) in Shenzhen, Beijing, Shanghai, Chengdu and Xi'an.
Pacnet is the first foreign invested company to have been issued a license to provide data center network services in Chongqing, China, following the MIIT's announcement in December 2012 to resume the grant of new IDC licenses. The new license process is stringent, reiterating MIIT's goals to strengthen and monitor the IDC market in order to foster a healthy development of the Internet industry in China. The process requires an evaluation of four major systems maintained by license applicants, namely, Internet Content Provider Record-keeping Management; Accessing Resource Management; Information Security Management; and Datacenter Operation Security Management.
"Chongqing is the most important megacity in Southwest China and a very important hub for Pacnet's data center network not only throughout China, but also the rest of the Asia-Pacific region," says Henry Lam, Chief Executive Officer of PBS. "This new IDC license provides us the ability to expand our data center footprint to complement our highly reliable Internet bandwidth and IPVPN services both in and out of the region."
Pacnet's Tier III data center in Chongqing was built on its unrivaled infrastructure in Asia-Pacific combining direct access to Points of Presence (PoPs) in China and its wholly-owned subsea cable network. It is a self-managed facility capable of holding 2,000 racks of carrier-neutral colocation to providers and businesses in the region. Services offered through Pacnet's data centers provide flexible, customized solutions to meet the expanding business requirements of multinational organizations across the globe