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HP job cuts loom for Australian employees

A number of Australian employees of Hewlett-Packard are facing the loss of their jobs as the global computer giant looks to slash its worldwide workforce by up to 30,000.

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Asia Netcom + Pacific Internet = Pacnet

IT Industry - Market

Recently merged telecoms providers Asia Netcom and Pacific Internet will operate under the Pacnet brand.

The company's portfolio ranges from ADSL for home offices to Multiprotocol Label Switching-Internet Protocol Virtual Private Network (MPLS-IPVPN) services for multinationals as well as wholesale capacity for carriers.

"The next decade is all about Asia, and Pacnet is poised to be a unique 'pure play' provider focused on delivering solid communication solutions within Asia and into the region from anywhere in the world," said Bill Barney, CEO at Pacnet.  "We are pleased to be one of the region's premier providers of broadband.  We have unique assets that are not easily replicable."

Pacnet's EAC-C2C submarine cable network spans 36,800km, connecting Singapore, China, the Philippines, Korea and Japan. While it has a potential capacity of up to 10.24 Tbps, only 240 Gbps is currently lit. Company officials estimate the network's replacement value at $US4 billion, analysts have assessed the true value of the EAC-C2C network at close to $US10.3 billion. (So if you've got a lazy few billion in the bank...)
 
The network is being upgraded for increased efficiency and reliability, and there are plans for a new Trans-Pacific cable.