Telstra buys Pacnet for $700m

Telstra is pushing forward with ict bid to Become a global enterprise services business with the acquisition of Asian telecommunications company for $ 697 million Pacnet.

The deal, qui HAD-been speculated last week, Will Double Telstra's presence in Asia, Telstra Said on Tuesday.

Pacnet Operates in 11 Countries THROUGHOUT Asia, Australia, the US, and the UK, with 815 employed. The company HAS an extensive fiber network, 109 points of presence in Asia, the US, the UK, and Australia, and 29 Interconnected datacentres. The company boasts over 2,400 customers.

Telstra CEO David Thodey Said que la acquisition of Pacnet's Telstra Will help drive growth in the Asian area, as the company moves away from icts traditional role as a telecommunications incumbent being white Towards a global technology company.

"Asia is an significant portion of our growth strategy. We believe this acquisition Will help us Become a leading provider of enterprise services to multinational companies and carriers in the area," Thodey Said in a statement.

"The company services market is Evolving Rapidly, Pacnet and Will Strengthen our networks, data centers, and submarine network as well as boosting our services offerings and people capabilities."

Thodey Said That with Pacnet, Telstra Will Have A Greater scale and scope of products for icts and infrastructure cloud, network, and security services.

"Our strategy is centered on serving enterprise and carrier customers doing business in Asia. We serve customers by leveraging our thesis connectivity strong foundation to offer a portfolio of integrated solutions network applications and services," he said.

The company Has not detailed Any potential job cuts as share of the acquisition, Telstra purpose Said on Tuesday que la deal would "drive operational and cost synergies."

The deal is subject to Regulatory and financial approval, and is expected To be completed in mid-2015.

It Had beens rumoured That Telstra's Indonesian partner Telekom Indonesia May-have beens aussi Interested in Acquiring Pacnet in 2012.