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Broadband

NTT Com to acquire Pacific Crossing

Monday 25 May 2009 | 09:27 CET | News
Japanese operator NTT Communications has agreed to buy Pacific Crossing, operator of the PC-1 trans-Pacific fibre-optic cable. The Pacific Crossing shareholders are private equity investors and include the major stockholder Strategic Value Master Fund. The acquisition of PCL will enable NTT Com to strengthen its trans-Pacific cable capacity and reliability and thereby meet customer demand for data communication between Japan, the rest of Asia and the United States. The deal is expected to be finalised in the near future upon approval by government agencies and completion of regulatory

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Categories: Fixed
Companies: NTT Communications / Pacific Crossing
Countries: Asia
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