Telstra to acquire Pacnet for USD 697 mln

Tuesday 23 December 2014 | 05:02 CET | News
Australian operator Telstra has agreed to acquire Asian telecommunications and services provider Pacnet for USD 697 million. The Pacnet acquisition includes interests in its China joint venture, PBS, which is licensed to operate a domestic IP VPN and  data centre services in China. The transaction is subject to regulatory and Pacnet financier approvals and is expected to complete by mid-2015.

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Categories: Fixed
Companies: PacNet / Telstra
Countries: Asia / Australia
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