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Telstra Completes Acquisition of Pacnet

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4/16/2015

Telstra today announced it had completed the 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. “The addition of Pacnet’s staff, infrastructure, technology and expertise will position Telstra as a leading provider of services to multinational and large companies in Asia,” Mr Riley said. Telstra Corp. Ltd. (ASX: TLS; NZK: TLS)

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