InvestorsHub Logo
Followers 107
Posts 3187
Boards Moderated 0
Alias Born 07/09/2017

Re: Traderfan post# 155

Wednesday, 09/18/2019 1:08:21 PM

Wednesday, September 18, 2019 1:08:21 PM

Post# of 294
Global Crossing Ltd. (Hamilton, Bermuda), Softbank (Tokyo), and Microsoft (Redmond, WA) hestablished a joint venture called Asia Global Crossing and constructed a $1.3 billion, 17,700-km network of city rings, terrestrial systems, and undersea cables called East Asia Crossing. Global Crossing will operate the network, which link Japan, China, Singapore, Hong Kong, Taiwan, South Korea, Malaysia, and the Philippines.

Pacnet Services Corp Ltd now owns Global Crossing Ltd. and Telstra, a $41B company owns Pacnet.

This ticker is still stock interest owned by Softbank owns 15.4%, Temasek Holdings owns 10.4%, Hutchinson Whampoa Limited owns 10.4% and Microsoft Corporation owns 15.4%

It seems Pacnet may want to go public now.