Tuesday, December 30, 2014

Telstra's Acquisition of Pacnet Brings Asia-Pac Submarine Cables

Telstra announced plans to acquire Pacnet Limited, which owns and operates a pan-Asian submarine cable network and offers managed services and data center services to carriers, multinational corporations and governments across the region, for US$697 million acquisition is subject to completion adjustments. In addition to its submarine cables and 21 landing stations in China, Hong Kong, Japan, the Philippines, Singapore, South Korea and Taiwan, Pacnet’s...

Elemental Lands Investments from Sky and Telstra

Elemental Technologies, a start-up focused on software-defined video (SDV) solutions for multiscreen content delivery, announced a $14.5 million series D round of funding led by Telstra and joined by Sky in the UK, along with participation from existing investors. Elemental, which is headquartered in Portland, Oregon, uses software-based video processing to distribute video over IP networks. Elemental helps media companies connect consumers with...