M&A Deal Summary

Telstra Acquires Pacnet

On December 23, 2014, Telstra acquired communications company Pacnet for 697M USD

Acquisition Highlights
  • This is Telstra’s 2nd transaction in the Communications sector.
  • This is Telstra’s largest (disclosed) transaction.
  • This is Telstra’s 2nd transaction in China.

M&A Deal Summary
Date 2014-12-23
Target Pacnet
Sector Communications
Buyer(s) Telstra
Deal Type Add-on Acquisition
Deal Value 697M USD

Target

Pacnet

Hong Kong, China
website
Pacnet is a provider of connectivity, managed services and data centre services to carriers, multinational corporations and governments in the Asia-Pacific region.

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Buyer(S) 1

Buyer

Telstra

Melbourne, Australia

website

Category Company
Founded 1901
Sector Communications
Employees28,637
Revenue 22.8B AUD (2020)
DESCRIPTION

Telstra is a provider of telecommunications and information products and services through its Australian and offshore operations. TLS has a wide range of businesses namely fixed broadband, mobile, data and IP, network application & services (NAS), digital media and international. Telstra was founded in 1901 and is based in Melbourne, Australia.

DEAL STATS #
Overall 9 of 18
Sector (Communications) 2 of 5
Type (Add-on Acquisition) 7 of 14
Country (China) 2 of 2
Year (2014) 5 of 5
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-16 Cloud9

Australia

Cloud9 is an eHealth cloud software developer. Cloud9 is known for its class cloud technology health information exchange platforms (HIE) Spine and Synchronicity and cloud based GP software program, Clarity, currently used by more than 2,000 GP’s.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-18 GlobeCast Australia Pty.

Artarmon, Australia

Globecast Australia is a provider of broadcast services for Australia, New Zealand and the Pacific Islands. Specialising in live delivery of Standard and High Definition content at the cutting edge of broadcast technology.

Buy -
Mergr

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