Hong Kong's CITIC Telecom CPC has announced a new four-pillar investment strategy covering the cloud, information security, data centers and networking.
The new strategy is aimed at accelerating its Asia-Pacific business growth and supporting the company's corporate mission of continual innovation.
Investments will include new data center rollouts in China to capture a larger share of APAC's data center market, which research firm Frost & Sullivan expects to grow to US$32.8 billion by the end of 2022.
The company is opening a new data center in Guangzhou in September and another in Bejing at the end of the year.
In the second half of the year, CITIC Telecom also plans to open two new SmartCLOUD cloud services centers in the US and Germany to augment its disaster recovery capabilities, and to introduce premium-level cloud services for enterprises lacking adequate IT resources and expertise.
CITIC Telecom has also recently entered a strategic alliance to become Fortinet's first managed security services provider partner in APAC.
As part of this partnership, CITIC Telecom has also launched an advanced threat protection enterprise security offering incorporating Fortinet technology.
Finally, CITIC Telecom has announced plans to invest in adding software-defined networking (SDN) and network functions virtualization (NFV) technologies to its service portfolio.
“The fast-changing ICT market engenders tremendous expansion opportunities for all of our four business pillars: cloud and data centers, networks, managed security services and cloud computing solutions,” CITIC Telecom CPC SVP of sales Ivan Tang said.
“We are also excited about helping to empower our enterprise customers to expand their global footprints, by leveraging our top-of-the-line infrastructure, solutions and services, and also ramping up our capabilities in new ICT areas such as the internet of things (IoT), NFV and software-defined anything (SDx).”