Company Website:
http://www.coresite.com
DENVER -- (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.
Contacts:
Linhart PR for CoreSite
Sarah McLaughlin, 303-951-2578
smclaughlin@linhartpr.com
Source: CoreSite
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