Monday, January 7, 2008

Asia Netcom and Pacific Internet Merge, Forming Pacnet

Asia Netcom and Pacific Internet have merged to form a new company, Pacnet.

The key asset behind Pacnet is its EAC-C2C cable infrastructure, a 36,800 km submarine cable network that can carry up to 10.24 Tbps of capacity, of which only 240 Gbps is currently lit. The Hong Kong-based company offers a range of services from home ADSL, to MPLS-IPVPN services for global multinational corporations and wholesale capacity for carriers.

  • In August 2006, China Netcom Group completed the sale of its Asia Netcom to an Investor Group led by Ashmore Investment Management Limited, Spinnaker Capital Limited and Clearwater Capital Partners.

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