CoreSite Signs Agreement with China Telecom Americas to Support U.S. Customer Expansion
July 30 2014 - 4:00AM
Business Wire
CoreSite Realty Corporation (NYSE:COR), a provider of secure,
reliable, high-performance data center solutions, today
announced a multi-year contract with China Telecom Ltd. to expand
the U.S. data center footprint of one of China Telecom’s premier
customers – the first such agreement between CoreSite and China
Telecom on behalf of this third party.
With this expansion, China Telecom provides a larger network to
its customer for delivering online and mobile marketplace solutions
across the U.S. The deployment is located at CoreSite’s Coronado
data center campus in Santa Clara, Calif.
“It was critical to find a provider that could be trusted to
deliver a scalable and reliable combination of space, power and
connectivity for our partner’s expanding U.S. business,” said Joe
Han, President, China Telecom Americas. “In addition to having the
right data center infrastructure in Silicon Valley, CoreSite was
able to meet our stringent security and technical requirements, and
provide vital network connections.”
“CoreSite is deeply honored to work with China Telecom, one of
China’s largest and most innovative companies,” said Tom Ray, CEO
of CoreSite. "We are confident that through this agreement,
CoreSite and China Telecom will provide their strategic customer
with the capacity, security and network needed to expand their
business.”
CoreSite's Coronado campus is part of the larger CoreSite
Silicon Valley market, which is currently comprised of five data
centers and more than 860,000 square feet of data center space.
With available assets in its portfolio that provide expansion
opportunities in the Silicon Valley market to nearly 1.3 million
square feet of space, CoreSite is uniquely poised to support the
growth requirements of China Telecom and other customers in this
market.
More information on CoreSite’s Silicon Valley market can be
found at: http://www.coresite.com/locations/silicon-valley.
About CoreSite
CoreSite Realty Corporate (NYSE:COR) delivers secure and
reliable data center solutions across eight key North American
markets. More than 800 of the world’s leading enterprises, carriers
and mobile operators, content and cloud providers and media and
entertainment companies choose CoreSite to connect, protect and
optimize their performance sensitive data, applications and
computer workloads. Our flexible, high-performance products and
350+ dedicated employees consistently deliver unmatched, scalable
data center options – all of which leads to a best in class
customer experience. For more information, visit
www.CoreSite.com.
About China Telecom Americas
China Telecom Americas, a wholly owned US-based subsidiary of
China Telecom Corp. Ltd. (NYSE: CHA), is an international telecom
provider for Data, IP and Voice Wholesale services to multinational
companies, organizations and international carriers requiring China
domestic services and International access to China & Asia
Pacific. With headquarters in Herndon, Virginia, and offices in
Chicago, Los Angeles, New York, San Jose, and subsidiaries in
Toronto, Canada, and Sao Paolo, Brazil, China Telecom Americas
continues to expand its strength and reach. China Telecom Americas
provides locally based, one-stop-shop, turn-key solutions for
everything from China domestic and international data circuits to
IDC services, network management, equipment management, system
integration, and much more. For additional information on China
Telecom Americas, please visit www.ctamericas.com.
Forward Looking Statements
This press release may contain forward-looking statements within
the meaning of the federal securities laws. Forward-looking
statements relate to expectations, beliefs, projections, future
plans and strategies, anticipated events or trends and similar
expressions concerning matters that are not historical facts. In
some cases, you can identify forward-looking statements by the use
of forward-looking terminology such as "believes," "expects,"
"may," "will," "should," "seeks," "approximately," "intends,"
"plans," "pro forma," "estimates" or "anticipates" or the negative
of these words and phrases or similar words or phrases that are
predictions of or indicate future events or trends and that do not
relate solely to historical matters. Forward-looking statements
involve known and unknown risks, uncertainties, assumptions and
contingencies, many of which are beyond CoreSite's control, that
may cause actual results to differ significantly from those
expressed in any forward-looking statement. These risks include,
without limitation: the geographic concentration of CoreSite's data
centers in certain markets and any adverse developments in local
economic conditions or the demand for data center space in these
markets; fluctuations in interest rates and increased operating
costs; difficulties in identifying properties to acquire and
completing acquisitions; significant industry competition;
CoreSite's failure to obtain necessary outside financing;
CoreSite's failure to qualify or maintain its status as a REIT;
financial market fluctuations; changes in real estate and zoning
laws and increases in real property tax rates; and other factors
affecting the real estate industry generally. All forward-looking
statements reflect CoreSite's good faith beliefs, assumptions and
expectations, but they are not guarantees of future performance.
Furthermore, CoreSite disclaims any obligation to publicly update
or revise any forward-looking statement to reflect changes in
underlying assumptions or factors, of new information, data or
methods, future events or other changes. For a further discussion
of these and other factors that could cause CoreSite's future
results to differ materially from any forward-looking statements,
see the section entitled "Risk Factors" in CoreSite's most recent
annual report on Form 10-K, and other risks described in documents
subsequently filed by CoreSite from time to time with the
Securities and Exchange Commission.
Linhart PR for CoreSiteSarah McLaughlin,
303-951-2578smclaughlin@linhartpr.com
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