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Banking & Finance

NTT Communications now has largest facility in Hong Kong

HONG KONG -- NTT Communications has completed the expansion of its Hong Kong Financial Data Center, making the complex the largest-capacity data center in the city and positioning the company to consolidate its top spot in the market.

     The Nippon Telegraph and Telephone unit currently has around a 30% share of the market for data center services in Hong Kong, with non-Japanese clients accounting for around 80% of sales.

     With the completion of phase two of the HK$4 billion ($526 million) project, the company aims to consolidate its top position by meeting the growing demand among financial institutions and other enterprises for cloud computing services and big data analysis.

     Speaking at a commemoration ceremony, NTT Communications CEO Tetsuya Shoji emphasized the importance of the Hong Kong market as a gateway to mainland China.

     Takanobu Maeda, President of NTT Com Asia, added that the expansion creates the opportunity to offer services in support of mobile virtual network operators.

     Hong Kong is a landing site for undersea communications cables, so it is ideally situated for data centers and has begun to attract major companies from the mainland such as China Mobile Communications, China United Network Communications Group (China Unicom), and Alibaba Group Holding.

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