Pacific Internet
Encyclopedia
Pacific Internet was headquartered in Singapore
and was the largest telco-independent Internet Communications Service Provider in the Asia Pacific region with direct presence in Singapore, Hong Kong
, Philippines
, Australia
, India
, Thailand
and Malaysia. On 8 January 2008, Pacific Internet and subsea cable operator Asia Netcom underwent an operational merger and now operates as Pacnet
.
In 1995, a Singapore conglomerate Sembawang Group, established SembMedia, which eventually purchased TechNet and commercialized its services in September 1995, with the launch of Pacific Internet Corporation Pte Ltd in Singapore.
The following year, the group expanded into Hong Kong via an acquisition and in 1997, commenced its Philippines operations through a local partner and eventually acquired an equity stake in its local partner a year later.
Pacific Internet launched its initial public offering of shares on NASDAQ on 5 February 1999 at a price of US$17 per share and was one of a handful of Singapore-based companies to have listed on the NASDAQ.
In 1999, Pacific Internet started its Australian operations with the acquisition of two ISPs. By 2000, further acquisitions of Australian ISPs brought Pacific Internet into six major cities in Australia, including Zeta Internet in Sydney.
Pacific Internet India , a joint venture unit of Pacific Internet Ltd, was also launched in 1999, and subsequently expanded into major Indian cities.
In 2000, Pacific Internet expanded into Thailand , where it made another acquisition and started its Thailand operations.
In 2002, Pacific Internet set up operations in Malaysia , giving the telco a direct presence in seven countries in the Asia Pacific region, with more than 30 points of presence in these markets.
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
and was the largest telco-independent Internet Communications Service Provider in the Asia Pacific region with direct presence in Singapore, Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
, Philippines
Philippines
The Philippines , officially known as the Republic of the Philippines , is a country in Southeast Asia in the western Pacific Ocean. To its north across the Luzon Strait lies Taiwan. West across the South China Sea sits Vietnam...
, Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
, India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
, Thailand
Thailand
Thailand , officially the Kingdom of Thailand , formerly known as Siam , is a country located at the centre of the Indochina peninsula and Southeast Asia. It is bordered to the north by Burma and Laos, to the east by Laos and Cambodia, to the south by the Gulf of Thailand and Malaysia, and to the...
and Malaysia. On 8 January 2008, Pacific Internet and subsea cable operator Asia Netcom underwent an operational merger and now operates as Pacnet
Pacnet
Pacnet is a global telecommunications service provider formed from the operational merger of Asia Netcom and Pacific Internet on 8 January 2008...
.
History
Pacific Internet started in 1989 as TechNet, a research and development computer network for use by academia at the National University of Singapore.In 1995, a Singapore conglomerate Sembawang Group, established SembMedia, which eventually purchased TechNet and commercialized its services in September 1995, with the launch of Pacific Internet Corporation Pte Ltd in Singapore.
The following year, the group expanded into Hong Kong via an acquisition and in 1997, commenced its Philippines operations through a local partner and eventually acquired an equity stake in its local partner a year later.
Pacific Internet launched its initial public offering of shares on NASDAQ on 5 February 1999 at a price of US$17 per share and was one of a handful of Singapore-based companies to have listed on the NASDAQ.
In 1999, Pacific Internet started its Australian operations with the acquisition of two ISPs. By 2000, further acquisitions of Australian ISPs brought Pacific Internet into six major cities in Australia, including Zeta Internet in Sydney.
Pacific Internet India , a joint venture unit of Pacific Internet Ltd, was also launched in 1999, and subsequently expanded into major Indian cities.
In 2000, Pacific Internet expanded into Thailand , where it made another acquisition and started its Thailand operations.
In 2002, Pacific Internet set up operations in Malaysia , giving the telco a direct presence in seven countries in the Asia Pacific region, with more than 30 points of presence in these markets.