Pacnet (sea fiber) Bought by Telestra (Australia) for $697 million USD

[drmike]

Australian telecom giant Telestra just agreed to buy sea fiber company Pacnet for $697 million USD.

Pacnet brings 100 POPs and Asian datacenter presence.

Interesting note, Pacnet is only foreign company licensed by Chinese government to provider network services in China.

This deal is face value much less a prior deal of $1 billion offer in 2008 from Telkom Indonesia.

[source: http://www.datacenterdynamics.com/focus/archive/2014/12/telstra-pays-697-subsea-cable-operator-pacnet]

 

[comXyz]

Chinese goverment Father: "Hey, take 1 billion then make my son happy"

"Sure!"

 

[GIANT_CRAB]

It shows this for me - http://i.imgur.com/ZbtzLYh.png

 

[comXyz]

It shows this for me - http://i.imgur.com/ZbtzLYh.png

The correct link: http://www.datacenterdynamics.com/focus/archive/2014/12/telstra-pays-697-subsea-cable-operator-pacnet

 

[trewq]

Telstra

 

[splitice]

Nice to see the NBN money being well spent!

 

[Steven F]

What capacity does the undersea fiber have?

 

[William]

as always 50x100GE projected.