Telstra has completed its previously announced acquisition of Pacnet Limited, a provider of connectivity, managed services and data centre services to carriers, multinational corporations and governments in the Asia-Pacific region.
Telstra Group Executive, Global Enterprise and Services, Brendon Riley said Pacnet would be integrated into Telstra and the Pacnet brand progressively retired. Telstra will continue the development of the joint venture in China. US assets will be integrated when regulatory approval is obtained.
Telstra also announced Asia's first Software-Defined Networking (SDN) Platform will now be available to customers globally, enabling high-performance, self-provisioned dynamic network services across 25 PEN Points of Presence worldwide.
"Pacnet’s leadership in early adoption of SDN technology has allowed us to accelerate our plans and building on Pacnet’s existing sixteen PEN Points of Presence across Asia, we’ve added nine new Telstra PEN Points of Presence to create the world’s first globally connected on-demand networking Platform.
"While software, servers and storage have all become virtualised over the past decade, networks have largely remained unchanged. Telstra’s new PEN Platform reimagines the role of traditional telecommunications and enables organisations to complement traditional network approaches with SDN technology, which allows for bandwidth to be provisioned on demand, matched to application characteristics and deployed across the specific routes our customers need.
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- In December 2014, 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 core assets comprise an integrated network with 109 PoPs across 61 cities in the Asia-Pacific region, along with 29 data centers in key locations. Seven of the data centers have Tier III accreditation. In addition, Pacnet controls two of the five fibre pairs on the Unity trans-Pacific submarine cable network connecting Japan to the United States. In the year ended December 2013, Pacnet generated revenues of US$472m and earnings before interest, tax, depreciation and amortisation (EBITDA) of US$111m. Pacnet is headquartered in both Singapore and Hong Kong with approximately 815 employees across 25 offices (including PBS China).
