GDS has entered into a non-binding agreement with China Unicom, China Telecom and SDIC to jointly develop data centres in selected upcoming markets in China.
GDS Holdings Limited (GD), a developer, operator of high-performance data centres in China
GDS Holdings Limited (GD), a developer, operator of high-performance data centres in China was represented by William Huang chairman at the signing ceremony in Beijing. Chairman Huisheng Wang, representing the State Development Investment Corporation (SDIC), the largest state-owned investment holding company in China, while China Unicom and China Telecom were represented by its chairman’s Xiaochu Wang and Jie Yang respectively.
“We are honoured to participate in this LoI [letter of intent] with these leading state-owned enterprises. As the only private sector company in the consortium, our participation [is] evidence [of] the expertise and market leadership we’ve established over our 17-year operating history,” said Huang.
The agreement signed by all parties is a letter of intent representing the shared demand held by the four companies for large-scale data centre infrastructure and services in selected upcoming markets beyond the core markets. A demand driven by the growth of the Chinese digital economy.
In November, figures by Ministry of Industry and Information Technology (MIIT) found that data figures mobile data traffic in China had risen by 148% year-on-year. Traffic grew to an average of 2.25GB per subscriber a month, while total mobile call minutes fell 4.5% year-on-year said C114.net.
A pilot project is to be launched in the Tianjin market but the specific details of such are subject to further legal negotiation.
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Tags: china telecom, Data center, GDS, tianjin