M&A Deal Summary

NTT Communications Acquires Pacific Crossing

On October 23, 2009, NTT Communications acquired communications company Pacific Crossing

Acquisition Highlights
  • This is NTT Communications’ 1st transaction in the Communications sector.
  • This is NTT Communications’ 1st transaction in Bermuda.

M&A Deal Summary

Date 2009-10-23
Target Pacific Crossing
Sector Communications
Buyer(s) NTT Communications
Deal Type Add-on Acquisition
Advisor(s) Blackstone Advisory Partners (Financial)

Target

Pacific Crossing

Hamilton, Bermuda
Pacific Crossing Ltd. operator of the PC-1 trans-Pacific cable network.

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Buyer(S) 1

Buyer

NTT Communications

Tokyo, Japan

Category Company
Founded 1952
Sector Communications
DESCRIPTION
NTT Communications office in downtown Tokyo, Japan.
NTT Communications office in downtown Tokyo, Japan.

NTT Communications is a provider of information and communication technology services, with expertise in private networks, cloud, hosting, and IP networking services. Its extensive global IT infrastructure includes highly reliable low-latency private networks, expansive MPLS IP-VPN coverage, Ethernet VPN, Tier1 global IP backbone networks with one of the highest available transpacific capabilities, and secure data centers in Asia, North America and Europe. NTT Communications was formed in 1952 and is based in Tokyo, Japan.


DEAL STATS #
Overall 2 of 11
Sector: Communications M&A 1 of 2
Type: Add-on Acquisition M&A Deals 2 of 11
Country: Bermuda M&A 1 of 1
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-11-08 Verio

Englewood, Colorado, United States

Verio, Inc. is a provider of web hosting and managed services to small- and medium-sized businesses.

Buy $5.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-12 Secode AB

Norway

Secode is a high-tech Managed Security Services (MSS) provider. They deliver pure and cost effective MSS including all the relevant security consultancy services (including many types of audits).

Buy -