Pacnet Enters into Master Service Agreements with China Telecom, China Unicom, and China Mobile
|HONG KONG, 20 June 2013 – Pacnet announced today that it has entered into Master Service Agreements (MSAs) with each of China Telecom, China Unicom, and China Mobile for BGP Internet connectivity services that will integrate into its Internet network fabric in China. The MSAs will give Pacnet the building blocks to provide service to global cloud service providers looking to establish their presence in the country.|
|The agreements with Pacnet’s equity joint venture in China, Pacnet Business Solutions (PBS), ensures that BGP Internet services offered will conform to internationally recognized performance standards, ensure scalable expansion opportunities for customers, and provide for service level agreements. The services in the MSAs complete another strategic step towards Pacnet’s ability to leverage its unique capabilities as a licensed service provider in China that offers a full suite of IPVPN services, Internet services, and data center services.|
|“This strategic partnership not only strengthens PBS’s relationship with local carriers but has also enabled us to be at the forefront of the cloud computing industry in China,” said Henry Lam, Chief Executive Officer of PBS. “We are uniquely positioned to offer cloud service providers with reliable and seamless connectivity, flexible plans and quality of service backed by industry-leading Service Level Agreements in China. As a leading provider of managed data connectivity solutions, we can guarantee the availability and performance of customers’ services.”|
|PBS is the first Sino-foreign joint venture telecommunications service provider in China to have been awarded licenses by China’s Ministry of Industry and Information Technology (MIIT). These licenses allow PBS to provide IP VPN services across 23 provinces in China, Internet access services in 10 cities and data center network services in 5 cities.|
Pacnet is one of the leading providers of managed data connectivity solutions to major telecommunications carriers, large multinational enterprises and government entities in the Asia-Pacific region. Ownership of the region's most extensive high-capacity submarine cable systems with over 46,000 km of fiber and connectivity to interconnected data centers across 16 cities in the Asia-Pacific region gives Pacnet unparalleled reach to major business centers in key markets including China, India, Japan and the United States. Combined with a comprehensive set of managed network and value-added data center services, its assets and experience in the region have helped Pacnet service large businesses worldwide including Fortune 500 companies. Pacnet is headquartered in Hong Kong and Singapore, with offices in the Asia-Pacific region and North America. For more information, please visit: www.pacnet.com.