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Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Masami Iijima) and its subsidiary Mitsui Knowledge Industry Co., Ltd. ("MKI", Head Office: Tokyo, President and CEO: Masaki Saito) have agreed with Indonesian conglomerate Lippo Group to jointly invest in the establishment of a data center service business ("Business").
In Indonesia, populated by more than 240 million people, data traffic service is expanding rapidly due to the growth and accelerating speed of smartphone market penetration. As a result, there is a growing need for data centers with high speed data processing capacity and cloud services (*1). Moreover, a new government regulation enacted last year requires each electronic data provider company in Indonesia engaged in public utility service to store their data in data centers located in Indonesia. To meet such existing demand, Mitsui, jointly with MKI, decided to enter into a high-spec data center business that has the future potential to meet the Tier 4 (*2) standard, in partnership with Lippo Group. Mitsui and Lippo Group jointly established the satellite broadcasting and high-speed mobile service (4G/LTE) business. The abovementioned data center serves not only to support the growth of those joint businesses as an IT infrastructure, but also to create the synergy between those business operations.
Furthermore, Mitsui aims to offer a unique and competitive cloud service in Indonesia by jointly investing in the Business with its subsidiary MKI, which possesses knowledge, experience, and expertise for data center operations in Japan.
*1 Cloud Services: Provides an IT environment, such as servers, storage, or applications through communication networks, in which Users can utilize IT facilities without owning hardware or software of their own.
*2 Tier 4: Data center standard defined by "Uptime Institute" in the United States. There are four levels of Tiers (1 through 4), and the Tier 4 data center has the highest specifications.
|Name of Company||PT Graha Teknologi Nusantara (GTN)|
|Shareholders||Lippo Group 65%, MKI 25%, Mitsui 10%|
|Investment Amount||Total (Mitsui and MKI): approximately 1 billion yen|
|Investment Date||September, 2014 (scheduled date)|
|Business Activities||High-speed mobile service, Real estate development, Retail, Hospital, Education, Paid cable television/satellite television, Internet service provider, Media, Banking|
This announcement contains forward-looking statements. These forward-looking statements are based on Mitsui's current assumptions, expectations and beliefs in light of the information currently possessed by it and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, financial position or cash flows to be materially different from any future results, financial position or cash flows expressed or implied by these forward-looking statements. These risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest Annual Securities Report and Quarterly Securities Report, and Mitsui undertakes no obligation to publicly update or revise any forward-looking statements.
This announcement is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us.