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.