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General

Telstra completes Pacnet acquisition

Thursday 16 April 2015 | 06:37 CET | News
Australian operator Telstra has completed the acquisition of Pacnet, a provider of connectivity, managed services and data centre services to operators, multinational corporations and governments in the Asia-Pacific region. The acquisition price reached USD 697 million. Pacnet will be integrated into Telstra and the Pacnet brand progressively retired. Telstra will continue the development of the joint venture in China. US assets will be integrated following regulatory approval.

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Categories: General
Companies: PacNet / Telstra
Countries: Asia / Australia / China
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