- Global Internet Trends
- Online Advertising
- Interactive Games
- China Internet
- India Internet
- Global Public/Private Internet Companies
- Macro Thoughts
- Closing Thoughts
And the slides.
Fixed and mobile operator China Telecom broke ground today on its new cloud computing datacentre in China’s Guizhou Province in the southwest. When completed, the new facility will be one of the largest in the world.
In July this year the telco signed a framework agreement with the local government in a bid to build out the new cloud computing facility. The China Telecom Cloud Computing Guizhou Information Park will cover an area of approximately 33.3 hectares (330,000 m2) and is located near the provincial capital of Guiyang.
The project is expected to cost a total of 7bn yuan ($1.14bn USD). An initial investment of 4bn yuan will cover the first phase of the project, which is expected to include the build out of eight datacentres, one power generation centre, and two support centres.
Idea Cellular Ltd. agreed to merge Vodafone Plc’s Indian unit with itself to create the country’s largest mobile services operator in a competitive market disrupted by Mukesh Ambani-led Reliance Jio Infocomm Ltd.’s free services.
Vodafone will hold 45.1 percent of the merged entity, while Idea Cellular’s promoter, Kumar Mangalam Birla-led Aditya Birla Group, will hold 26 percent, according to a filing to stock exchanges.
Both Vodafone and Idea Cellular brands will continue, Vodafone Group Chief Executive Officer Vittorio Colao said in a press conference.
The combined entity will have a revenue market share of 41 percent, ahead of Bharti Airtel Ltd. (33 percent), and an annual revenue of over Rs 81,500 crore, according to data compiled by BloombergQuint.