Story image

Neo Telemedia financials confirm importance of data center investment

11 Aug 2016

Neo Telemedia, the owner of Bluesea Mobile Group, has attributed some of its interim HK$1,753,076,000 revenue to the acquisition of some key technology companies, including a 60% equity interest in Guangzhou Zituo.

Guangzhou Zituo is a technology company that provides more than 2000 internet data center (IDC) server cabinets across Beijing, Shanghai, Guangzhou and Shenzhen.

On top of that, Bluesea Mobile Group is also constructing a data center in Panyu, adding to the company's revenue from IDC, WiFi and value-added internet services across its portfolio.

In 2015, Neo Telemedia raised HK$1.1 billion from a public offer, that allowed the company to invest in Bluesea Mobile Group's data center, including the Zhuxishugu project in Jiangmen.

Bluesea Mobile Group says the new Panyu center construction may be completed and trial run commenced in the second half of 2016, while the company is also looking to capitalise its IDC, cloud computing and big data strengths on a partnership with China Nuclear Fifth Construction Company, which will see a joint development in a cloud platform built for nuclear power construction.

Neo Telemedia also invests in internet and big data more widely after its restructuring. It owns Guangdong Wei Haj Technology, which partnered with Shangdong Inspur Group to form a joint cloud computing center in Southern China.

The company also invests in device trading, including mobile phones and computers, as well as peer-to-peer lending platforms.
 

How Renesas aims to simplify building automation
“With the trend toward energy efficiency and green design of commercial buildings, the challenge of renovating existing facilities is growing."
Katalyst to build new subsurface data centre in Malaysia
The company plans to open a subsurface data centre in Kuala Lumpur to support its oil and gas customers.
Infinera launches new ‘disruptive’ network architecture
The new end-to-end network architecture is said to enable instantly scalable, self-optimizing networks that adapt to the demands of specific users and applications.
Survey finds DC managers want more efficiency, not horsepower
More servers and more CPU power used to be the answer to boosting data centre performance, but it appears this is no longer the case.
NEC to build submarine cable connecting Japan prefectures
NEC Corporation announced that it has been awarded a major new submarine cable contract.
DOCOMO ranked world's top mobile operator in 5G SEP applications
NTT DOCOMO has been ranked the world's leading mobile operator in terms of applications for candidate standard-essential patents.
Exclusive: Ping Identity on security risk mitigation
“Effective security controls are measured and defined by the direct mitigation of inherent and residual risk.”
Nlyte celebrates record year and new board chairman
The company recently announced a strong 2018 calendar year after adding more new customers than any other year in its 15-year history.