In 2017, export sales of MSE tier II listed ITools JSC, a national online and internet services provider, increased by 36 percent yoy. The company exported over MNT 60 million worth products to 12 countries including Japan, Russian Federation, People’s Republic of China, UK and Australia in 2017. Currently, 62.3 percent or majority of Mongolian websites is placed in foreign data centers. ITools noted that in recent years, website owners are preferring domestic data centers to reduce expense and increase loading speed of their webpages.
For example, 67.1 percent of web placement market was composed by foreign networks in 2016. The number was reduced by 7.2 percent and reached 59.9 percent in 2017. The company aims to establish a modular data center 220 km from Ulaanbaatar. At present, construction of its data center is 50 percent complete and is expected to be commissioned in the beginning of the third quarter of this year, according to the company’ Executive Director.
Since its IPO five months ago, a total of MNT 1.43 billion worth trades were conducted. Shares grew 30 percent and reached MNT 129. In addition, the shareholders’ meeting of ITools JSC is scheduled to be held on April 30.
In 2017, export sales of MSE tier II listed ITools JSC, a national online and internet services provider, increased by 36 percent yoy. The company exported over MNT 60 million worth products to 12 countries including Japan, Russian Federation, People’s Republic of China, UK and Australia in 2017. Currently, 62.3 percent or majority of Mongolian websites is placed in foreign data centers. ITools noted that in recent years, website owners are preferring domestic data centers to reduce expense and increase loading speed of their webpages.
For example, 67.1 percent of web placement market was composed by foreign networks in 2016. The number was reduced by 7.2 percent and reached 59.9 percent in 2017. The company aims to establish a modular data center 220 km from Ulaanbaatar. At present, construction of its data center is 50 percent complete and is expected to be commissioned in the beginning of the third quarter of this year, according to the company’ Executive Director.
Since its IPO five months ago, a total of MNT 1.43 billion worth trades were conducted. Shares grew 30 percent and reached MNT 129. In addition, the shareholders’ meeting of ITools JSC is scheduled to be held on April 30.