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Pivotal Private Equity to Acquire US-Japan Telecom Network

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PHOENIX, April 22 -- Pivotal Private Equity announced yesterday it has signed an agreement to acquire the assets of Pacific Crossing Ltd. (PCL) and its subsidiaries for $63 million. PCL, a former subsidiary of Global Crossing, operates the PC-1 fiber optic telecommunications network connecting Japan with the US. The network, which will be acquired from Pacific Crossing Limited, PC Landing Corp., Pacific Crossing UK Ltd. and PCL Japan Ltd., was completed in 2000 at a cost of more than $1.35 billion and provides a variety of voice, Internet and data communications services. PCL and its...Read full article

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    Published: April 2003
    CommunicationsNews & Features

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