Pacnet CEO Unveil Strategic Plans for Thailand

Operational integration of Asia Netcom and Pacific Internet enables Pacnet to deliver unsurpassed telecom services in and out of Thailand. During a media briefing in Bangkok, Pacnet CEO Bill Barney today unveiled plans for strategic growth in Thailand, following the operational merger of the former Asia Netcom with Pacific Internet. “With the successful integration of our two companies, we can now focus on growing our business in Thailand which includes seeking both Type 1 and Type 2 licenses which will enable us to broaden our product portfolio as well as sell network services across the country,” said Mr Barney. “Additionally, we are currently negotiating strategic partnerships as part of this growth strategy.” Mr Barney added that having integrated its EAC-C2C cable network system with that of the former Pacific Internet, Pacnet is able to deliver industry-leading network performance and increased route diversity as customers’ demands become increasingly sophisticated. Pacnet’s EAC-C2C cable infrastructure is a 36,800 km submarine cable network that can carry up to 10.24 Tbps of capacity, of which 240 Gbps is currently lit. The EAC-C2C network has an estimated replacement value of US$4 billion – based on the cost of building a similar infrastructure. As part of its new strategic plan unveiled on 8 Jan 2008 at the launch of the company’s new brand, Pacnet has embarked on Next Generation Network (NGN) upgrades of the EAC-C2C cable network, which will cost US$200 million over the next three years. Pacnet also recently announced plans to expand its subsea cable network with it a new trans-pacific cable, EAC Pacific, which is expected to come online in 2010 and can provide up to 1.92 Tbps of capacity. EAC Pacific is part of the 10,000km Unity cable system that is being built by a global consortium which is expected to cost an estimated US$300 million. Members of the Unity consortium include Bharti Airtel, Global Transit Ltd., Google, KDDI, Pacnet and SingTel. About Pacnet Pacnet, a leading telecom services provider, was born from the operational merger of Asia Netcom and Pacific Internet. Pacnet owns and operates EAC-C2C, Asia's largest privately-owned submarine cable network at 36,800 km with a design capacity of 10.24 Tbps. Offering a comprehensive portfolio of industry leading IP-based solutions, Pacnet serves the carriers market as well as large enterprises and SMEs. Pacnet is headquartered in Hong Kong and Singapore with offices in all key markets in Asia and worldwide. For more information, please visit: www.pacnet.com FOR MORE INFORMATION, Contact: Lorain Wong Roland Lim Pacnet Pacnet Tel: +852 2121 2973 Tel : +852 2121 2975 Email: [email protected] Email : [email protected]

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