Connect Holdings announces plans for PacNet, Asia Netcom merger

Connect Holdings says that ultimately, it is planning to merge its Singapore-based internet provider Pacific Internet with cable operator Asia Netcom. The news emerged as Connect announced it was already in the throes of merging Asia Netcom with another network it owns, C2C. The C2C link spans 17,000km across major markets in Asia Pacific, has capacity of 7.68Tbps, and delivers self-healing fully diversified city-to-city connectivity across the region. A tie-up with PacNet is expected by June 2008 as Connect looks to strengthen its position as a leading provider of next generation communications solutions in the Asia-Pacific region. The holding company plans to list Asia Netcom by end-2009 and says the enlarged group will generate revenues of around USD450 million in fiscal year 2007, rising to USD500 million in 2008.