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Article: NTT Communications (NTT Com) Signs Definitive Purchase Agreement to Acquire Pacific Crossing Limited (Pacific Crossing).
- Article from:
- Business Wire
- Article date:
- May 25, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Acquisition to add Pacific Crossing's undersea cable network connecting Japan and the United States to NTT Com's global infrastructure
HAMILTON, Bermuda -- Pacific Crossing Limited, the operator of the most reliable trans-Pacific undersea cable network, PC-1, today announced that it had agreed to be acquired by NTT Com, the international and long distance service arm of NTT Corporation. NTT Com will acquire 100% of Pacific Crossing's outstanding common shares. The largest of PCL's shareholders are funds managed by Strategic Value Partners, LLC.
Pacific Crossing's PC-1 network is the second-largest trans-Pacific subsea cable system, offering route ...