SINGAPORE, Jan. 27 /PRNewswire-FirstCall/ -- Asia''s largest telco- independent Internet Communications Service Provider by geographic reach Pacific Internet or PacNet today announced that it is acquiring Mitsubishi Corporation''s eight per cent stake in Pacfusion Limited, bringing its stake in the company to 100 per cent.
PacNet CEO Mr. Tan Tong Hai said, ''''The e-services business is instrumental in our strategy to provide corporate customers with end-to-end solutions. The acquisition of Mitsubishi Corporation''s remaining stakes in Pacfusion is synergistic with our strategic direction.''''
Mr. Motohiko Nakagawara, General Manager, e Projects Unit, Information & Communication Technology Projects Division at Mitsubishi Corporation said, ''''The sale of our minority stake in Pacfusion is in line with Mitsubishi Corporation''s policy of realigning its asset portfolio across the world. We see the strong relationship with PacNet continuing into the future and we look forward to maintaining a close business alliance with PacNet.''''
Editors'' Notes About Pacific Internet Limited
Pacific Internet Limited is Asia''s largest telco- independent Internet Communications Service Provider by geographic reach with operations in Singapore, Hong Kong, the Philippines, Australia, India, Thailand and Malaysia. In 1999, the Group became the first Asian Internet company to successfully list on the NASDAQ stock exchange. Pacific Internet delivers a range of end-to-end Internet access and value added services that enhance the lifestyles and workstyles of its corporate and consumer customers. More information at www.pacnet.com/ .
...also nee, ick weeß ooch nich! Ist dat nun so eine schlechte Nachricht, daß jeder seine PacNet-Aktien verkaufen muß? Ich denke, daß das übertrieben ist. Vielleicht ein guter Tag zum Nachkaufen?