Friday, 23 June 2017

Telstra to acquire Pacnet for $697m

By Nick Wood, Total Telecom
Tuesday 23 December 14

Deal gives Australian incumbent a valuable foothold in China.

Telstra on Tuesday agreed to acquire submarine cable operator Pacnet in a deal worth US$697 million. The purchase gives the Australian incumbent ownership of Pacnet's 46,000-kilometre cable network, which extends from India to the U.S., and its 109 PoPs. The Singapore and Hong Kong headquartered company also operates 29 interconnected data centres in 17 cities in the Asia…

Telstra on Tuesday agreed to acquire submarine cable operator Pacnet in a deal worth US$697 million. The purchase gives the Australian incumbent ownership of Pacnet's 46,000-kilometre cable network, which extends from India to the U.S., and its 109 PoPs. The Singapore and Hong Kong headquartered company also operates 29 interconnected data centres in 17 cities in the Asia…

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