By business reporter Michael Janda Telstra has engaged on a pre-Christmas splurge, announcing the purchase of Asian telecommunications and services provider Pacnet for $US697 million ($858 million). Pacnet is a Singapore and Hong Kong-based company that provides connectivity, data centre and other services to telecoms, large corporations and governments in the Asia-Pacific region. Telstra said the acquisition also includes an interest in Pacnet's China joint venture PBS, which is licensed to operate a domestic internet protocol virtual private network and provide data centre services in most major Chinese provinces. The Australian telecommunications giant said that Pacnet will give it access to more services, as well as an expanded data centre network, more submarine cables and a number of major customers around the region. More » |
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