Telstra confirms talks to buy Pacnet

Telstra confirms talks to buy Pacnet

If the acquisition does go ahead, Telstra will own 46,000km of submarine cable.

Telco giant, Telstra, has confirmed that it has been in discussions to buy undersea cable provider, Pacnet.

But Telstra did state that there was no certainty that any transaction will take place as a result of these discussions.

A previous report on Bloomberg indicated the two companies were discussing the acquisition potential.

If it did go ahead, Telstra would have ownership of about 46,000 kilometers of submarine cable linking Asia with the US.

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