(MENAFN) Cashed-up Australian telecoms giant Telstra said it has completed its acquisition of Pacnet, Asia's biggest private owner of submarine communication cables, The Peninsula Qatar reported.
Telstra announced it was buying the company for USD697 million in December in one of its largest acquisitions to date, with regulatory hurdles now cleared, with the brand name to be progressively retired.
"The addition of Pacnet's staff, infrastructure, technology and expertise will position Telstra as a leading provider of services to multinational and large companies in Asia," said Telstra's head of global enterprise.
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