TOKYO -- NTT Communications (NTT Com) announced that it has concluded a contract with the shareholders of Pacific Crossing Limited (PCL), operator of the PC-1 trans-Pacific cable network, to purchase all issued shares of PCL, including from Strategic Value Master Fund Ltd., the major stockholder. The deal is expected to be finalized in the near future upon approval by government agencies and completion of regulatory procedures.

PC-1, measuring 21,000 km and having a capacity of 3.2 terabits per second, uses a ring configuration to connect Japan and the United States with two landing stations on each side (please see attachment).

NTT Communications Corp. (NYSE: NTT)