It's a well known fact that China now has the world's largest Internet population, and it continues to grow rapidly, requiring a need for accelerated infrastructure growth to meet the increased appetite for connectivity.
Pacnet (News - Alert), a provider of integrated network services and data center platforms, is taking advantage of an enhanced value-added service license awarded by China's Ministry of Industry and Information Technology by further expanding its IP VPN footprint in China.
Officials noted that this is the first Sino- foreign telecommunications joint venture to receive such a license, as a result of which PBS will be allowed to continue to operate Internet data centers in five cities and provide Internet access in 10 cities.
By connecting its IP VPN service to these data centers, PBS expects to provide a platform that will enable it to offer enhanced managed and cloud-based services as well as offer enterprise customers a broad range of choices for their network connectivity.
This integration with data center capabilities is regarded by officials as another important stage in Pacnet's corporate growth strategy,
PBS will now be able to deliver its IP VPN service to several province-level municipalities and other provinces, and the autonomous region of Inner Mongolia will also be covered.
According to Carl Grivner, CEO at Pacnet, PBS is quickly becoming a platform that is well positioned to offer innovative, state-of-the-art managed services, cementing its position in China and Asia Pacific.
"Our expansion plan positions Pacnet to capitalize on China's robust growth by broadening the reach of our connectivity solutions around the country as corporations continue to expand their businesses across China," added Grivner in a statement.
Given that domestic Chinese companies comprise about 50 percent of PBS' clients, the extended foray of PBS IP VPN into the Chinese market is expected to benefit carriers and multinational enterprises that offer e-commerce and telecommunications services.
PBS' clients will thus be able to reach a larger number of customers in China and manage their businesses with Renminbi- denominated accounts.
Pacnet also recently announced that it had appointed CEO Carl Grivner, as well revealed that its Board of Directors had developed a proactive strategic plan to fast-track the transformation of the company, create a more nimble and competitive organization, and enter a new phase of accelerated growth and profitability.