HomeJapanNTT Com Completes Acquisition of Pacific Crossing

NTT Com Completes Acquisition of Pacific Crossing

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On Friday October 23rd, NTT Communications Corporation (NTT Com) successfully completed the acquisition of 100% of Pacific Crossing Limited, the operator of the 21,000km trans-Pacific undersea cable network, PC-1.

NTT Com is the wholly-owned subsidiary of Nippon Telegraph and Telephone Corporation, one of the world’s largest telecoms with listings on the Tokyo, London and New York stock exchanges. It provides a broad range of global networks, management solutions and IT services to customers worldwide.

With the completion of the deal, NTT Com will control the PC-1 trans- Pacific cable between Japan and the United States and provide customers, both in the enterprise and carrier markets, with the network services between Asia, Japan and the United States.

NTT Com will retain the Pacific Crossing management team and Pacific Crossing will continue as a business within the NTT Com group selling network capacity in the wholesale carrier marketplace.

Commenting on the deal, Pacific Crossing’s President and CEO Mark Simpson, said: “We are extremely excited about what the future holds for Pacific Crossing and our existing and future customers now that we are part of NTT Communications.

“The majority of traffic between Asia and the US transits through Japan and this will continue to be the case. With so much content being delivered between Asia and the US, and with Japan as the primary interconnection point, NTT Com’s huge Japan domestic and international network reach will allow our trans-Pacific customers unparalleled access to all of Asia”.

FinSMEs

30/10/2009