NTT Communications Corporation (NTT Com) completed its previously announced acquisition of Pacific Crossing, which operates the PC-1 trans-Pacific undersea cable network. The deal was first announced in May.
By combining PC-1 capacity with NTT Com's vast domestic and international network, NTT Com can offer customers, both in the enterprise and carrier markets, the highest quality network services between Asia, Japan and the United States.
NTT Com will retain the Pacific Crossing management team and Pacific Crossing will continue as a business within the NTT Com group selling network capacity in the wholesale carrier marketplace. Pacific Crossing's customers will see an immediate extension of network reach beyond PC-1 with extended domestic capability in Japan and the US as well as the ability to leverage NTT Com's international network to offer turnkey solutions for Asia to US connectivity.
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- Pacific Crossing's PC-1 network is the second-largest trans-Pacific subsea cable system, spanning 21,000 km and connecting the U.S. and Japan. The system has landings at Harbour Pointe, Washington (near Seattle); Grover Beach, California (between San Francisco and Los Angeles); Ajigaura, Japan (near Tokyo); and Shima, Japan (near Osaka and Nagoya). The network offers extensive backhaul into major U.S. and Japanese cities.
- Pacific Crossing recently added Gigabit Ethernet access support for its carrier and ISP customers. Pacific Crossing's new service allows customers to access the PC-1 network using a standard Gigabit Ethernet interface at the company's four Points-of- Presences in the U.S. and cable landing stations in both the U.S. and Japan. For customers in Japan, Pacific Crossing also has the ability to offer access directly to a customer's premise through a domestic partner network.
- In March 2008, Fujitsu and Pacific Crossing completed an upgrade project that more than doubles the capacity of the 21,000-kilometer PC-1 trans-Pacific fiber optic submarine cable network. The project, which began in September 2007, involved the installation of Fujitsu's FLASHWAVE S650 submarine wavelength divisional multiplexer equipment in Pacific Crossing's cable landing stations, and the upgrade of the overall capacity to 1.98Tbps, of which 1.01Tbps is available on the two Trans-Pacific segments. The six-month contract was completed without any disruption to existing network traffic.
- In January 2007, Pacific Crossing raised $50 million in new financing to pay off its remaining debt and finance new projects. The company also announced the appointment of Robert Boss as CEO and Robert Annunziata as Chairman. Boss previously was president of Japan Telecom America. Annunziata has served in a numerous executive positions throughout the telecom industry, including as CEO of Global Crossing during most of 1999.
- In January 2006, Pacific Crossing Ltd, Inc., a former subsidiary of Global Crossing and of the former Asia Global Crossing (now Asia Netcom), emerged from Chapter 11 bankruptcy proceedings. Over $650 million of existing debt was converted into equity and $25 million in secured debt.
