China Communications : China Comservice and Bytemobile form a Joint Venture
10/31/2011 | 01:40am
Press Release
31 October 2011
For immediate release
CHINA COMSERVICE AND
BYTEMOBILE FORM A
JOINT VENTURE
Igniting Network Optimization
Market Opportunities
across China
Shanghai, Oct 31 2011 - China Communications Services
Corporation Limited (China Comservice, SEHK: 0552),
China's largest integrated support service provider for
telecommunications sector, and Bytemobile, an industry leader
in mobile video and WEB optimization, recently announced to
form a joint venture in Shanghai to address opportunities in
the burgeoning network optimization market in China. The new
company (hereafter "JV") will focus on the rapidly growing
market of network optimization, providing tier-one network
optimization products and services for operators.
"To embrace the coming 3G, mobile Internet and 4G/LTE
era, communications operators are eager for products and
services or total solutions in network optimization,"
said Li Ping, Chairman of China Comservice. "By taking
advantages of the nationwide market and service system with
solid localized service and support capability of China
Comservice, and the world leading technology and solution of
Bytemobile for wireless data optimization, this new JV will
strengthen its cooperation with partners such as
communications operator, equipment manufacturer, and software
developer, to provide integrated customer-tailored network
optimization solutions and create more values for
customers."
"Bytemobile is the first provider delivering data
optimization solutions to mobile operators around the
world," said Hatim Tyabji, President and CEO of
Bytemobile. "Nowadays Bytemobile solutions are installed
in 125 operators in 60 countries. Being in Mainland China for
more than five years, Bytemobile has always committed itself
in providing mobile Internet, data acceleration and video
optimization services for operators such as China Telecom,
China Mobile and China Unicom. We expect that the JV with
China Comservice can offer communications operators more
comprehensive and flexible, safe and reliable platform and
service of adaptive optimization."
According to some industry research reports, wireless data
traffic in China is expected to increase by about 40 times
from 2011 to 2015. The demands of wireless data optimization
are gradually
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growing among communications operators.
The JV is estimated to start business after obtaining
relevant approval later this year.
About China Comservice
# # #
China Comservice is a leading service provider in the PRC, in
commitment of "building word-class networks for the
informatization services", providing integrated support
services in the informatization sector, including
telecommunications infrastructure services, business process
outsourcing services and applications, content and other
services. All the major telecommunications operators in the
PRC, namely, China Telecom, China Mobile and China Unicom are
our customers and also our shareholders. We also provide
services to government agencies, telecommunications equipment
manufacturers, corporate customers and public customers. Our
service coverage is spread across the nation and we have also
extended our business to over
50 countries and regions globally. For more information,
please visit www.chinaccs.com.hk
About Bytemobile
Bytemobile is the acknowledged technology leader in
delivering mobile video and WEB optimization solutions. Its
solutions have been deployed in 125 networks in 60 countries.
Mobile video is the key element forming mobile Internet data
tsunami. Bytemobile is the supplier of optimization solutions
for commercial mobile video. For more information, please
visit www.bytemobile.com
For press enquiries:
China Communications Services Corporation Limited
Investor Relations Department
Mr. Terence Chung Ms. Sharon Lou Tel: 852 3699 0000
Fax : 852 3699 0120
Email: ir@chinaccs.com.hk
Forward-looking statements
This press release contains forward-looking statements and
information relating to us and our operations and prospects
that are based on current beliefs and assumptions as well as
information currently available to us. The words
"anticipate", "believe", "estimate", "expect", "plans",
"prospects", "going forward" and similar expressions, as they
relate to us or our business, are intended to identify
forward-looking statements. Such statements reflect our
current views with respect to future events and are subject
to risks, uncertainties and various assumptions. Should one
or more of these risks or uncertainties materialize, or
should any of the underlying assumptions prove incorrect,
actual results may diverge significantly from the
forward-looking statement. We do not intend to update these
forward-looking statements other than our on-going disclosure
obligations pursuant to the Hong Kong Listing Rules or other
requirements of the Hong Kong Stock Exchange.
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