je.st
news
Tag: pacnet
Telstra completes Pacnet buy
2015-04-16 02:00:00| Total Telecom industry news
Australian incumbent still waiting on regulatory thumbs-up from U.S.; Pacnet brand to disappear.
Tags: buy
completes
telstra
pacnet
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.
Telstra to acquire Pacnet for $697m
2014-12-23 01:00:00| Total Telecom industry news
Deal gives Australian incumbent a valuable foothold in China.
Telstra confirms talks to buy Pacnet
2014-12-17 14:43:00| Telecompaper Headlines
(Telecompaper) Telstra has confirmed its in talks to acquire Asian operator Pacent. The Australian operator made an announcement to the stock market following a report by Bloomberg that the two companies were close to an agreement. Pacnet's owners were seeking a valuation of about USD 1 billion including debt, people with knowledge of the sale process said in June. Telstra has been seeking new acquisitions in growth areas after divesting a number of assets in the past year. Buying Pacnet would give Telstra more than 46,000 kilometers of submarine cable from Asia to the US as well as a network of expanding data centres across east Asia. The stable cash flow from the assets could help offset the loss of fixed network operations sold to the Australian government as part of its NBN project.
Tags: buy
talks
confirms
telstra
Telstra, Pacnet in talks about potential acquisition
2014-12-17 07:02:06| Telecom - Topix.net
Telstra has confirmed in a statement to the ASX that it is in discussions with the owners of undersea cable operator, Pacnet, about potentially acquiring the company. However, the telco said there was "no certainty" that any transaction will take place as a result of the discussions.
Tags: potential
acquisition
talks
telstra