MediaRing launches cash offer for PacNet

15 May 2006

Singapore-based Asian voice-over-internet protocol (VoIP) service provider MediaRing, has begun a cash tender offer to buy all the shares of Pacific Internet Ltd (PacNet), also based in Singapore, for USD8.25 per share. MediaRing currently owns 651,572 shares, worth 4.8% of the company, and says its offer for the communications service provider is open until 12 June. MediaRing first announced its offer to buy PacNet in February.

Singapore, Pacnet Singapore (including OSINet)