NTT Communications,VNPT Team Up for a Joint Venture in Vietnam

The global ICT solution provider, NTT Communications Corporation (NTT) and Vietnam’s largest telecom operator, Vietnam Posts and Telecommunications Group (VNPT) will sign an agreement to form a joint-venture company in Hanoi in early January 2008 with a vision to provide data center services.

In Vietnam, the demand for laid off IT facilities is increasing as network infrastructure from companies who wish to run internet related businesses increases and the growth of Internet is driving the need for data centers.

Data centers will be established in Hanoi in early 2008 and early 2009 in Ho Chi Minh City to provide services. The data centers will be offering hosting services and collocation which will ensure complete redundancy for air conditioning, power generation and others. Customers can benefit from having direct access to global networks within data centers. Camera surveillance is provided as security inside data centers.

NTT Com is likely to take a 40% stake and 60% share is owned by VNPT. 900 million yen is the estimated capitalization. The company will start off with 60 employees and will have a CEO.

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December 3, 2007 | Filed Under Tech News, Wireless