Moody’s has withdrawn the rating for its own business reasons. Please refer to the Moody’s Investors Service’s Policy for Withdrawal of Credit Ratings, available on its website, http://www.moodys.com. Pacnet, incorporated in Bermuda in 2006, wholly owns and operates the EAC-C2C network, Asia’s largest privately-owned submarine cable infrastructure of 36,800km, as well as the EAC Pacific network, which spans 9,620km from Japan to the US.
Undersea cable company Pacnet, recently acquired by Australian telecommunications giant Telstra, confirmed today that it has been the victim of a cyberattack targeting its email and administration systems and potentially exposing sensitive data of thousands of business and government customers. Telstra said that an unauthorised third party had been able to gain access to the Pacnet business management systems through a malicious software installed via a vulnerability on an SQL server.
Telstra has revealed a security breach on its Pacnet network allowed unknown third parties full access into the subsidiary’s corporate systems. The telco today said the breach had occured before Telstra took ownership of the company following its December takeover announcement. Telstra said it was told about the breach when it finalised the A$857 million purchase of Pacnet on April 16.
Telco giant Telstra has moved quicklyto make the most of its $US697m acquisition of Asian telecommunications provider Pacnet, announcing global availability of what it describes as Asia’s first Software Defined Networking (SDN) platform. The telco said the move will enable high-performance, self-provisioned dynamic network services across 25 PEN (Points of Presence) worldwide. Darrin Webb, chief operating officer, Global Enterprise & Services at Telstra, said the new global PEN Platform leverages Telstra and Pacnet’s combined high-quality infrastructure assets for global connectivity options.
Telstra has wasted no lime leveraging Pacnet’s assets and has today announced ‘Asia’s first Software-Defined Networking (SDN) Platform will now be available to customers globally, enabling high-performance, self-provisioned dynamic network services across 25 PEN Points of Presence worldwide.’ The PEN Platform is built on Telstra’s global network, which the company boasts is one of the world’s largest and most technologically advanced with terabytes of capacity, and says it has been designed to adapt to customer demands.
Telstra will discontinue the Pacnet brand after today announcing the completion of its $857 million takeover of the cable operator and telecommunications provider. Two days before Christmas last year Telstra revealed its intention to acquire the company and therefore gain access to Asia’s largest privately-owned submarine cable network. It today announced the deal had been completed after meeting the majority of conditions, regulatory and financier approvals.
Pacnet, the Hong Kong-based telco that operates globally, is one of the companies leading the pack in employing software defined networking to provide services to their customers. Today, the company announced another step in that direction — deployment of Infinera’s new Open Transport Switch software. The integration of OTS extends software-enabled network automation into the optical layer, meaning lower latency, high transfer speed, and guaranteed performance for much bigger network capacity.
Telstra’s purchase of Pacnet will raise the value of its Asian operations to $2.4 billion, says Bank of America Merrill Lynch. The value of Telstra’s operations in Asia took a hit after it sold Hong Kong-based mobile provider CSL in December 2013. But BoAML research analyst Sameer Chopra told clients that Telstra’s purchase of Pacnet for $US697 million ($858 million) in the dying days of 2014 was a boon that could help raise revenues and profits.
SIMON SANTOW; It’s been burned before, but Telstra is going back to try and make money in Asia. Australia’s biggest telco has just spent $858 million buying the Singapore and Hong Kong-based Pacnet. Telstra’s hoping Pacnet’s underwater telecommunications cables and data centres around the region, especially in China, will help grow its business customer base in Asia. The company’s chief financial officer Andrew Penn spoke with our business reporter Michael Janda.
Telstra will spend US$697 million (A$857 million) to acquire cable operator and telecommunications provider Pacnet and gain access to Asia’s largest privately-owned submarine cable network. Australia’s largest telco last week confirmed it was in discussions with the Asian company over potential acquisition, which would include Pacnet’s 46,500km of submarine cable between the US and Asia. The purchase is subject to certain completion adjustments as well as regulatory and Pacnet financier approvals, and is expected to close mid next year.
Telstra has confirmed it is in talks to buy the company that owns the world’s largest private submarine cable network, Pacnet. If successful, Telstra would take control of some 46,000 kms of undersea cable stretching between Asia and the United States. Telstra company secretary Damien Coleman confirmed the discussions in a statement on Wednesday, but said there was “no certainty” a transaction will take place.
Telstra is in discussions with cable operator and telecommunications provider Pacnet over potential acquisition, the telco confirmed today. Australia’s largest telecommunications company today informed the Australian Stock Exchange it was in negotiations with Pacnet to potentially acquire the company, but said there was no certainty a transaction would eventuate.
Pacnet has officially opened its new data centre in Tianjin, China (TJCS1) to address growing demand for data centre and managed services in the Beijing-Tianjin-Hebei region. This was announced by the provider of integrated technology solutions in the Asia-Pacific region yesterday. The new facility provides Software-defined Networking (SDN) capability to give full network control to its customers to self-provision bandwidth on demand based on their business needs, the company said in a statement
OTTAWA and BOSTON, October 15, 2014 – BTI Systems, an award-winning provider of cloud and metro networking software and systems to content, colocation and service providers around the world, today announced that Pacnet, a leading provider of integrated technology solutions in the Asia-Pacific region, is deploying the BTI 7800 Series Intelligent Cloud Connect platforms to interconnect Pacnet’s business-driven data centers in Hong Kong and Tokyo.
HONG KONG, CHINA–(Marketwired – Oct 12, 2014) – Pacnet, a leading provider of integrated technology solutions in the Asia-Pacific region, received the prestigious Frost & Sullivan 2014 Asia Pacific Data Communications Product Line Differentiation Award. The accolade is a testament to Pacnet’s success in creating a differentiated value proposition for its data communications services in the region.
The OpenStack cloud platform is gaining momentum around the world, according to Mirantis, a pure-play OpenStack vendor. In an announcement earlier this month, Mirantis says it has become the largest provider of OpenStack products and services for the telecommunications industry, with a customer list that includes the likes of AT&T and Orange. Also identified as customers were Pacnet, headquartered in Hong Kong, and China’s Huawei.
(The Hosting News) – Pacnet today announced that The Techno Group, one of Australia’s leading systems integrators, has signed on to the Pacnet Enabled Network (PEN) for running its disaster recovery operation and addressing customers’ business demands. PEN is a fully automated software-defined network (SDN) that allows The Techno Group to self-provision bandwidth in minutes, based on its individual business needs.
Hong Kong-based Pacnet, which operates a large datacentre network in Asia Pacific, the US and Europe announced a strategic partnership with China Telecom Thursday that will see both companies jointly expand and develop datacentres for cloud solutions in the city of Chongqing, a rapidly growing municipality in the southwest of China. Under the partnership, China Telecom will initially establish a point of presence in one of Pacnet’s tier III datacentre in Chongqing. But the partnership will see both parties collaborate on cloud, datacentre and networking infrastructure over the long-term.
HONG KONG – Pacnet announced support for Amazon Web Services (AWS) Direct Connect, giving customers the opportunity to leverage its network and data center infrastructure to establish dedicated private network connections to build and manage hybrid cloud computing deployments. The AWS Direct Connect service with Pacnet will allow customers the ability to dynamically manage application workloads across the AWS cloud and their private IT environments.
Pacnet has launched into full availability its cross-continent software-configurable network connectivity services called PEN (for Pacnet Enabled Network). The company launched a pilot version of the services in Asia Pacific in November, and on Tuesday, along with announcing PEN’s coming out of beta it also said it had expanded the services to the US. Pacnet is one of the largest carriers and data center service providers in Asia Pacific. PEN now spans data centers in Australia, Hong Kong, Japan, Singapore and the US.