BEIJING and HONG KONG, Feb. 7, 2012 (GLOBE NEWSWIRE) — 21Vianet Group, Inc. (Nasdaq:VNET – News) (“21Vianet” or a “Company”), a largest carrier-neutral Internet information center services provider in China, currently announced that it is a provisional successful bidder for radio spectrum in a 2.3 GHz rope to yield broadband wireless entrance (“BWA”) services in Hong Kong. 21Vianet is one of 3 provisional successful bidders, any of whom won one magnitude rope of 30 MHz. 21Vianet submitted a final bid of HK$150 million (US$19.3 million), that was a smallest behest cost set by a Hong Kong Telecommunications Authority for a spectrum.
The Hong Kong Telecommunications Authority will emanate a 15-year one telecommunications conduit permit to successful bidders, permitting licensees to yield fixed, mobile or a multiple of these services regulating a licensees’ magnitude bands. Provisional successful bidders will be compulsory to compensate spectrum function fees within 30 business days and contention a refundable opening bond of HK$150 million (US$19.3 million) as a pledge of correspondence with a network and use rollout requirements.
In tie with these fees, 21Vianet performed a non-binding minute of vigilant from China Development Bank, in that a bank indicated a goal to yield a US$30 million credit trickery to 21Vianet to financial a BWA spectrum license.
“We are focused on capturing a best marketplace opportunities and are gratified to win a Hong Kong spectrum auction with a smallest compulsory bid,” pronounced Mr. Josh Chen, founder, government and arch executive officer of 21Vianet. “We trust that this event is a cost-effective means of opening adult some-more enlargement opportunities for 21Vianet. We are saying an accelerating business trend towards accessing information by a mobile Internet. By fluctuating a Internet infrastructure services into a wireless Internet, we aim to serve hide 21Vianet into a core Internet infrastructure in Greater China.”
“To implement a BWA spectrum, we aim to partner with determined mobile operators to successfully extend a use offerings,” Mr. Chen continued. “At a same time, we also wish to reaffirm a joining to a carrier-neutral value position and a vigilant to sojourn a B2B use provider. Our concentration stays on apropos some-more integrated with a broader Internet information network via Greater China.”
Pursuant to a mandate of a Hong Kong Telecommunications Authority, 21Vianet will plead a terms of a permit and a network operations devise with a government in a entrance weeks. 21Vianet also skeleton to try intensity partnerships with internal business partners to mix a possess imagination in Internet infrastructure services with a business partners’ financial resources, internal height and knowledge.
Exchange Rate
This press recover contains translations of certain Hong Kong dollar amounts into US dollars during specified rates only for a preference of readers. All translations from HK$ to US dollars, in this press release, were done during a rate of HK$7.7538 to US$1.00, a noon shopping rate in outcome on Jan 27, 2012 in a City of New York for wire transfers in HK$ per US$ as approved for etiquette functions by a Federal Reserve Bank of New York.
About 21Vianet
21Vianet Group, Inc. is a largest carrier-neutral Internet information core services provider in China. 21Vianet provides hosting and associated services, managed network services and cloud computing infrastructure services, improving a reliability, confidence and speed of a customers’ Internet connectors by 21Vianet’s Internet infrastructure. Customers might locate their servers and networking apparatus in 21Vianet’s information centers and bond to China’s Internet fortitude by 21Vianet’s endless fiber ocular network. In addition, 21Vianet’s exclusive intelligent routing technology, BroadEx, enables customers’ information to be delivered opposite a Internet in a faster and some-more arguable manner. 21Vianet operates in 33 cities via China, servicing a diversified and constant bottom of some-more than 1,400 business that camber many industries trimming from Internet companies to supervision entities and blue-chip enterprises to small- to mid-sized enterprises.
Safe Harbor Statement
This proclamation contains forward-looking statements. These forward-looking statements are done underneath a “safe harbor” supplies of a U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by vernacular such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and identical statements. Among other things, quotations from government in this announcement, as good as 21Vianet’s vital and operational plans, enclose forward-looking statements. 21Vianet might also make created or verbal forward-looking statements in a reports filed with, or furnished to, a U.S. Securities and Exchange Commission, in a annual reports to shareholders, in press releases and other created materials and in verbal statements done by a officers, directors or employees to third parties. Statements that are not chronological facts, including statements about 21Vianet’s beliefs and expectations, are forward-looking statements. Forward-looking statements engage fundamental risks and uncertainties. A series of factors could means tangible formula to differ materially from those contained in any forward-looking statement, including though not singular to a following: 21Vianet’s goals and strategies; 21Vianet’s enlargement plans; a approaching enlargement of a information core services market; expectations per direct for, and marketplace acceptance of, 21Vianet’s services; 21Vianet’s expectations per gripping and strengthening a relations with customers; 21Vianet’s skeleton to deposit in investigate and growth to raise a resolution and use offerings; and ubiquitous mercantile and business conditions in a regions where 21Vianet provides solutions and services. Further information per these and other risks is enclosed in 21Vianet’s reports filed with, or furnished to a Securities and Exchange Commission. 21Vianet does not commence any requirement to refurbish any forward-looking statement, solely as compulsory underneath germane law. All information supposing in this press recover and in a attachments is as of a date of this press release, and 21Vianet undertakes no avocation to refurbish such information, solely as compulsory underneath germane law.
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