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Article: NTT Communications NTT Com Signs Definitive Purchase Agreement to Acquire Pacific Crossing Limited Pacific Crossing.
- Article from:
- Network Weekly News
- Article date:
- June 8, 2009
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Pacific Crossing Limited, the operator of the most reliable trans-Pacific undersea cable network, PC-1, 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 diversity, PC-1's unparalleled reliability record and the advantage of the lowest latency across the Pacific. Through the acquisition of Pacific Crossing, NTT Com will combine ...