Asia Netcom and Pacific Internet have merged to form a new company, Pacnet. 
The key asset behind Pacnet is its EAC-C2C cable infrastructure, a 36,800 km submarine cable network that can carry up to 10.24 Tbps of capacity, of which only 240 Gbps is currently lit. The Hong Kong-based company offers a range of services from home ADSL, to MPLS-IPVPN services for global multinational corporations and wholesale capacity for carriers.http://www.asianetcom.com
- In August 2006, China Netcom Group completed the sale of its Asia Netcom to an Investor Group led by Ashmore Investment Management Limited, Spinnaker Capital Limited and Clearwater Capital Partners.