Telstra $697m acquisition of Pacnet goes ahead

Australian telco giant Telsta has confirmed it is proceeding with the acquisition of trans-Pacific cable and data centre player Pacnet. As ever the $697 million deal is subject to regulatory approval, but assuming it goes through it will give Telstra a foothold in China, a bunch of data centres and services including SDN (software defined networking).

Telstra buys Pacnet for $700 million

Telstra has acquired Asian telecoms service provider Pacnet for $697 million to boost its position outside of Australia. Pacnet is a regional provider of connectivity, managed services and data centre services. It owns more than 46,000km of submarine cable infrastructure …

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Australia’s Telstra targets Pacnet in potential $1B deal

Australia’s Telstra has confirmed it is in advanced talks to acquire undersea cable operator Pacnet and is currently negotiating a price. Australia’s largest telecom operator said the firms are close to an agreement, with Pacnet reportedly looking to be valued …

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Telstra confirms discussions over Pacnet acquisition

Australia’s former state-owned telco, Telstra, has confirmed discussions are underway over a potential acquisition of data centre and undersea cable operator Pacnet. At this stage, the cost of any possible transaction has not been announced.