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Pacnet

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Pacnet Limited
Company typePrivate
IndustryTelecommunications
FoundedAsia Pacific (2008)
Fateacquired by Telstra in 2015
HeadquartersHong Kong, Singapore
Key people
Carl J. Grivner, CEO[1]
Brett Lay, CFO
Andy Lumsden, CTO[2]
ProductsBroadband Internet, Fixed Network, Data Centers
OwnerTelstra
Number of employees
>1,400
ParentTelstra
Websitewww.telstraglobal.com

Pacnet was a global telecommunications service provider between 2008 and 2015. It was formed from the operational merger of Asia Netcom and Pacific Internet on 8 January 2008.[3] It was owned by a private investor group comprising Ashmore Investment Management Limited, Spinnaker Capital Limited and Clearwater Capital Partners.[4] Its acquisition by the Australian telecommunications company Telstra was announced at the end of 2014, and completed in April 2015.

The company was headquartered in Hong Kong and Singapore, and had offices in Australia, China, India, Indonesia, Japan, South Korea, Malaysia, Netherlands, Philippines, Taiwan, Thailand and United States.

History

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1989-2007

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Asia Netcom

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In 1999, Global Crossing, Microsoft and Softbank started Asia Global Crossing as a venture to build a US$2 billion cable system,[5] East Asia Crossing (EAC), to connect key Asian markets. In 2000, Asia Global Crossing was listed on NASDAQ,[6] before its listing was moved to NYSE[7] in 2001.

Following the dotcom crash, Asia Global Crossing filed for bankruptcy protection in 2002,[8] and was subsequently delisted from NYSE.[9] To raise additional funding to continue operations, the company sold its assets to a consortium led by China Netcom, Newbridge Capital and Softbank Asia Infrastructure Fund for US$120 million, forming Asia Netcom.[10]

In late 2003, China Netcom acquired 100 percent of Asia Netcom, and the wholly owned subsidiary became part of the China Netcom's public listing on NYSE and SEHK in 2004.[11]

In 2006, China Netcom sold Asia Netcom to Connect Holdings Limited, an investor group consisting of Ashmore Investment Management Limited, Spinnaker Capital Limited and Clearwater Capital Partners, for US$402 million.[12]

In 2007, Asia Netcom's EAC merged with C2C, another submarine cable network owned by Connect Holdings, to form a 36,800 km submarine cable network, EAC-C2C.[13]

Pacific Internet

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Logo of the original Pacific Internet

In 1989, TechNet was started as a research and development computer network for use by academia at the National University of Singapore. Funded by the National Science and Technology Board of Singapore (NSTB), it became Singapore's first Internet Service Provider. In 1995, it was acquired by SembMedia, a division of Singapore conglomerate Sembawang Group, and renamed Pacific Internet Corporation Private Limited. In September the same year, Pacific Internet began its commercial operations in Singapore.

In 1996, Pacific Internet expanded into Hong Kong via an acquisition,[14] increasing its equity stake in the ISP to 100 percent in 1999. In 1997, the company commenced its Philippines operations through a local partner,[15] which was acquired by Pacific Internet a year later.[citation needed]

On 5 February 1999, Pacific Internet launched its initial public offering of shares on NASDAQ at a price of US$17 per share.[16] In the same year, the company started its Australian operations with the acquisition of two ISPs,[17] and launched Pacific Internet India, a joint venture unit of Pacific Internet Limited.[18][19] In 1999, Pacific Internet acquired Australian Zip World, started in Glebe, Sydney.[20]

In 2000, Pacific Internet expanded into six major cities in Australia through further acquisitions of Australian ISPs.[21][22] The company also forayed into Thailand, where it made another acquisition and started its Thailand operations.[23][24] Two years later, Pacific Internet set up operations in Malaysia[25]

In 2007, Pacific Internet was acquired by Connect Holdings,[26] after which, it was delisted from NASDAQ.[27]

On 12 October 2016, the remaining Pacific Internet in Singapore was acquired by CITIC Telecom International Holdings Limited in Hong Kong.

2008: Operational merger and rebranding

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On 8 January 2008, Asia Netcom and Pacific Internet merged under a new corporate name, Pacnet Limited,[28][29] and adopted a new logo. The company also completed the acquisition of the remaining shares of Pacific Internet[30] later that year.

2014-18: Acquisition by Telstra, Acclivis

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It was announced on 23 December 2014 that Pacnet would be acquired by Telstra, Australia's largest telecommunications and media company.[31][32] Telstra's acquisition of Pacnet was expected to be completed by mid-2015, and includes interests in its China joint venture, Pacnet Business Solutions (PBS), licensed to operate a domestic Internet Protocol Virtual Private Network and provide data centre services in most major provinces in China. Telstra announced the completion of the acquisition in April 2015.[33]

In November 2015 – SGX-Catalist listed DeClout Limited has signed a deal with Pacnet Internet (S) Pte Ltd ("Pacnet Internet Singapore"), a subsidiary of Telstra Corporation Limited ("Telstra"), Australia's leading telecommunications company, to acquire certain Internet Service Provider assets and business in Singapore and Thailand from Pacnet Internet Singapore. Upon the completion of the acquisition, the acquired assets were merged with Acclivis’ existing ISP business, OSINet, and together, rebranded as Pacific Internet, allowing Acclivis to broaden its offerings and achieve further economies of scale in the ISP segment.[34]

In July 2018, Telstra Global is closing Pacnet and migrating users to Telstra's network.[35][36]

Submarine communications cable network

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EAC-C2C

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Pacnet's pan-Asia EAC-C2C network was formed from the integration of the EAC (East Asia Crossing) and CSC systems in 2007.[37] The fibre optic subsea cable network spans 36,800 km between Japan, South Korea, Hong Kong, Taiwan, the Philippines, Singapore and China. It has a design capacity of 17.92 Tbit/s to 30.72 Tbit/s to each of these landing countries. The EAC-C2C network lands at 18 cable landing stations across Asia.[38]

EAC Pacific

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EAC Pacific is part of the US$300 million Unity cable system that has been built with five other global companies including Bharti Airtel, Global Transit, Google, KDDI Corporation and SingTel. Pacnet operates two of the five fibre pairs in the cable system independently.

The two fibre pairs, collectively known as EAC Pacific, provide up to 1.92 Tbit/s of capacity across the Pacific Ocean. At Chikura, EAC Pacific is connected to the EAC-C2C cable system.

The Unity cable system was built by NEC Corporation and Tyco Telecommunications. Construction began in February 2008, and the cable system has been ready for service since 1 April 2010.

Data centres

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Pacnet operated 24 data centre sites in the Asia Pacific region.[39][40]

In 2010, Pacnet started building high-tier data centre capabilities within its cable landing facilities.[41] The company launched its first data center with direct connectivity into its subsea cable infrastructure in Hong Kong on 2 November that year.[42] This was soon followed by the launch of its second data centre with direct connectivity into its subsea cable infrastructure in its Singapore cable landing station later that month.[43]

On 15 February 2011, the company unveiled its Sydney data centre.[44] Located in the central business district of Sydney at 133 Liverpool Street, the Tier III facility has 5,920 square feet (550 square meters) of space over three levels in an existing, occupied building. It was built by FDC Construction & Fitout Pty. Ltd. in six months, and won the prestigious Masters Builders Association Excellence in Construction Award in 2011.[45][46]

On 22 March 2012, Pacnet opened its fourth advanced data centre in the Tseung Kwan O Industrial Estate, Hong Kong.[47]

On 5 December 2012, Pacnet signed an agreement with the Tianjin Wuqing government to jointly develop a data centre in Tianjin Wuqing Business District in Tianjin, China.[48] The facility - estimated to cost RMB450 million (US$72 million) to build - was Pacnet's fifth data centre in China and one of its largest data centres. Construction commenced in early 2013 and the data centre was expected to be operational in early 2014.

Other facilities

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Network operations centres

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Pacnet ran two NOCs, in Singapore and Sydney. These two NOCs ran 24 × 7 operations and had the capabilities to operate as a backup NOC in the event that the systems in one NOC lost network visibility.

References

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  1. ^ "Pacnet Replaces Barney With Grivner". Telecom Ramblings. 16 July 2012. Retrieved 12 December 2012.
  2. ^ "Pacnet hires a new CTO". CIO Asia. Archived from the original on 6 March 2014. Retrieved 12 December 2012.
  3. ^ "Asia Netcom and Pacific Internet Launch Merger and Unveil New Corporate Identity". 8 January 2008. Archived from the original (press release) on 24 September 2015. Retrieved 15 August 2014.
  4. ^ "Pacnet mandates bond". TMTFinance.com. 29 October 2012. Retrieved 24 February 2012.
  5. ^ "Asia Netcom sold". iTWire. 5 June 2006. Retrieved 28 February 2012.
  6. ^ "Asia Global Crossing Prices IPO Well Below Target". Forbes. 6 October 2000. Retrieved 28 February 2012.
  7. ^ "Asia Global Crossing to move to the NYSE". Telecompaper. 20 June 2001. Retrieved 28 February 2012.
  8. ^ "Asia Global Crossing Files for Bankruptcy". Los Angeles Times. 18 November 2002. Retrieved 28 February 2012.
  9. ^ "Global Crossing Unit's Woes Grow". Los Angeles Times. 1 March 2002. Retrieved 28 February 2012.
  10. ^ "Netcom to buy Asia Global Crossing". MarketWatch. 18 November 2002. Retrieved 28 February 2012.
  11. ^ "China Netcom buys full control of Asia Netcom". Reuters. 12 February 2004. Retrieved 28 February 2012.
  12. ^ "China Netcom Six-Month Profit Falls on Competition". Bloomberg. 23 August 2006. Retrieved 28 February 2012.
  13. ^ "Asia Netcom, C2C become one". ZDNet Asia. 13 September 2007. Archived from the original on 27 January 2011. Retrieved 28 February 2012.
  14. ^ "PacNet Steps Up Regional Branding With Hong Kong ISP". InternetNews.com. 15 March 1999. Retrieved 28 February 2012.
  15. ^ "Singapore's Biggest ISP Enters Philippines". Metropolitan Computer Times. 25 August 1997. Archived from the original on 12 September 2012. Retrieved 28 February 2012.
  16. ^ "Pacific Internet IPO soars". CNN Money. 5 February 1999. Retrieved 28 February 2012.
  17. ^ "PI buys two ISPs in Australia". ZDNet Asia. 21 December 1999. Retrieved 28 February 2012.[permanent dead link‍]
  18. ^ "Pacific Internet Targets 25 Indian Cities". InternetNews.com. 16 December 1999. Retrieved 28 February 2012.
  19. ^ "PI adds to regional presence in Australia, India". Computerworld. 22 December 1999. Retrieved 28 February 2012.
  20. ^ Linus Chua (14 June 1999). "Singapore's Pacific Internet Plans to Acquire Australia-based Zip World". Total Telecom. Retrieved 11 July 2018.
  21. ^ "Pacific Extends Broadband Reach". InternetNews.com. 10 April 2000. Retrieved 28 February 2012.
  22. ^ "Pacific Internet Reports 34% Increase in Net Revenues for 1Q 2000". Business Wire. 16 May 2000. Retrieved 28 February 2012.
  23. ^ "PI acquires major stake in Thai ISP". ZDNet Asia. 10 January 2000. Retrieved 28 February 2012.[permanent dead link‍]
  24. ^ "Pacific Internet launches in Bangkok". Asia Times Online. 3 June 2000. Archived from the original on 11 April 2001. Retrieved 28 February 2012.
  25. ^ "Pacific Internet enters Malaysia". ZDNet Asia. 5 August 2002. Retrieved 28 February 2012.[permanent dead link‍]
  26. ^ "Asia Netcom to acquire Pacific Internet". Telecom Asia. 8 June 2007. Archived from the original on 6 March 2014. Retrieved 28 February 2012.
  27. ^ "Pacific Internet to delist from Nasdaq". Channel NewsAsia. 15 October 2007. Retrieved 11 July 2018.
  28. ^ "Asia Netcom, PacNet complete merger". ZDNet. 8 January 2008. Retrieved 11 July 2018.
  29. ^ "Asia Netcom, Pacific Internet Merge; Plan U.S. IPO". Bloomberg. 8 January 2008. Retrieved 28 February 2012.
  30. ^ "Pacific Internet is now called Pacnet". The Straits Times. 10 January 2008. Archived from the original on 9 April 2012. Retrieved 28 February 2012.
  31. ^ "Telstra acquires Asian telecommunications and service provider Pacnet". Telstra. 23 December 2014.
  32. ^ "Australia's Telstra buys Pacnet, expands Asia presence cheaply". Reuters. 23 December 2014. Archived from the original on 11 July 2018.
  33. ^ "Telstra completes acquisition of Pacnet". Telstra. 16 April 2015.
  34. ^ "ISP asset acquisition by DeClout Limited" (PDF). Canaccord Genuity Singapore Pte Ltd.
  35. ^ "Pacnet Internet Australia". Telstra Global. Retrieved 11 July 2018.
  36. ^ "Telstra "progressively closing" cable operator and telco Pacnet". CRN. 11 July 2018.
  37. ^ Victor Ho (13 September 2007). "Asia Netcom, C2C become one". ZDNet. Retrieved 11 July 2018.
  38. ^ Anuradha Shukla (1 April 2011). "Far EasTone boosts Pacnet's Taiwan network". Computerworld Malaysia. Archived from the original on 11 July 2018. Retrieved 11 July 2018.
  39. ^ Jones, Penny (22 March 2012). "Pacnet expands in Asia with new data center". DatacenterDynamics. Archived from the original on 2 March 2014. Retrieved 24 April 2012.
  40. ^ "Pacnet to build its fifth data centre in China". Computerworld Malaysia. Archived from the original on 3 March 2014. Retrieved 12 December 2012.
  41. ^ Waring, Joseph (24 February 2010). "Pacnet to invest $300m in Asian data centers". telecomasia.net. Archived from the original on 6 March 2014. Retrieved 24 April 2012.
  42. ^ Clark, Robert (3 November 2010). "Pacnet plans $220m data center buildout". telecomasia.net. Archived from the original on 6 March 2014. Retrieved 24 April 2012.
  43. ^ Liau, Yun Qing (23 November 2010). "Pacnet intensifies hosted services play". ZDNet Asia. Retrieved 24 April 2012.
  44. ^ Barwick, Hamish (15 February 2011). "Pacnet pushes for Asia Pacific data centre dominance". Computerworld. Archived from the original on 1 March 2014. Retrieved 24 April 2012.
  45. ^ "Winners list". The Sydney Morning Herald. 10 November 2011. Retrieved 24 April 2012.
  46. ^ "Master Builders Association". Master Builders Association. Archived from the original on 24 March 2016. Retrieved 7 July 2012.
  47. ^ Jones, Penny (22 March 2012). "Pacnet expands in Asia with new data center". DatacenterDynamics. Archived from the original on 2 March 2014. Retrieved 24 April 2012.
  48. ^ "Pacnet to build its fifth data centre in China". Computerworld Malaysia. Archived from the original on 3 March 2014. Retrieved 12 December 2012.
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