PE investors sell Pacnet to Australia’s Telstra for $697m
Clearwater Capital Partners, Spinnaker Capital Group and Ashmore Investment Management have agreed to exit undersea cable provider Pacnet to Australia’s Telstra Corp. for approximately $697 million, including $400 million in debt.
Headquartered in Singapore and Hong Kong, Pacnet has an integrated network comprising Asia's largest privately-owned submarine cable network with 21 landing stations in China, Hong Kong, Japan, the Philippines,...
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