Acquisition combines the PC-1 undersea cable network connecting Japan and the United States with NTT Com's strong global infrastructure and Asian reach

SAN FRANCISCO and TOKYO, Oct. 30 /PRNewswire-Asia/ -- Pacific Crossing Limited, the operator of the most reliable trans-Pacific undersea cable network, PC-1, announced that the acquisition of 100% of its shares by NTT Communications Corporation (NTT Com), previously announced on May 25th, was successfully completed on Friday October 23rd.

NTT Com, with the completion of the deal, will control the PC-1 trans- Pacific cable. PC-1 provides unmatched reliability and low latency between Japan and the United States. By combining PC-1 capacity with NTT Com's vast domestic and international network, NTT Com can offer customers, both in the enterprise and carrier markets, the highest quality network services between Asia, Japan and the United States.

NTT Com will retain the Pacific Crossing management team and Pacific Crossing will continue as a business within the NTT Com group selling network capacity in the wholesale carrier marketplace. Pacific Crossing's customers will see an immediate extension of network reach beyond PC-1 with extended domestic capability in Japan and the US as well as the ability to leverage NTT Com's international network to offer turnkey solutions for Asia to US connectivity.

"We are extremely excited about what the future holds for Pacific Crossing and our existing and future customers now that we are part of NTT Communications," said Pacific Crossing's President and CEO Mark Simpson. "The majority of traffic between Asia and the US transits through Japan and this will continue to be the case. With so much content being delivered between Asia and the US, and with Japan as the primary interconnection point, NTT Com's huge Japan domestic and international network reach will allow our trans-Pacific customers unparalleled access to all of Asia."

About Pacific Crossing Limited

Pacific Crossing owns and operates the trans-Pacific, subsea fiber-optic network ring, PC-1, connecting the U.S. and Japan. The 21,000km PC-1 submarine cable system offers the highest reliability and the lowest latency across the Pacific. Supported by extensive backhaul into major U.S. and Japanese cities, Pacific Crossing's infrastructure offers seamless interconnection to virtually every major international network operator for onward global access. The company delivers state-of-the-art capacity and managed network services at competitive prices to a growing customer base of carriers and media and information transport-intensive enterprise customers. The company is registered in Hamilton, Bermuda, with principal offices in San Francisco, USA and Tokyo, Japan. For more information, please visit: http://www.pc1.com

About NTT Communications Corporation

NTT Communications provides a broad range of global networks, management solutions and IT services to customers worldwide. The company is renowned for reliable, high-quality security, hosting, voice, data and IP services, as well as expertise in managed networks and leadership in IPv6 transit technology. NTT Communications' extensive infrastructure includes ArcstarTMGlobal IP-VPN and Global e-VLAN, as well as a Tier-1 IP backbone reaching more than 150 countries in partnership with major Internet service providers, and secure data centers in Asia, North America and Europe. NTT Communications is the wholly-owned subsidiary of Nippon Telegraph and Telephone Corporation, one of the world's largest telecoms with listings on the Tokyo, London and New York stock exchanges. Please visit http://www.ntt.com/index-e.html .

    Contact:

     John Garrett
     Tel:   +1-415-200-0306 / +81-90-4167-0635
     Email: jgarrett@pc1.com

SOURCE Pacific Crossing Limited

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