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Telstra to acquire Pacnet for USD 679 mln
2014-12-23 05:02:00| Telecompaper Headlines
(Telecompaper) Australian operator Telstra has announced it would acquire Asian telecommunications and services provider Asian communications provider Pacnet for USD 679 million. The Pacnet acquisition includes interests in its China joint venture, PBS, which is licensed to operate a domestic internet protocol virtual private network and provide data centre services in China. The acquisition is subject to completion adjustments. The transaction is subject to regulatory and Pacnet financier approvals and is expected to complete by mid-2015.
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Category:Telecommunications