Pacific LightNet sold

The Hon­olulu Adver­tiser reported yes­ter­day that Pacific Light­Net has been sold to a group of main­land and local investors. Cur­rent pres­i­dent pat Bus­ta­mente is in the invest­ment group. All 95 cur­rent employ­ees will be retained.

The com­pany had been con­trolled by a Japan­ese firm called Tomen. This pre­vented PLNI from bid­ding on many state and Fed­eral con­tracts. Light­Net will become a more com­pet­i­tive firm in the local tele­com market.

PLNI has 25,000 busi­ness cus­tomers and over than 6,000 Inter­net sub­scribers in the state of Hawaii, and pro­vides colo­ca­tion, broad­band Inter­net, VoIP, long dis­tance call­ing and other ser­vices. Accord­ing to the company’s web site, its telecom­mu­ni­ca­tion infra­struc­ture in Hawaii includes over 10,000 miles of ter­res­trial and under­sea fiber-optic cable con­nect­ing the six major islands.

The sale price was not dis­closed in the 15 Feb­ru­ary 2008 fil­ing with the Hawaii Pub­lic Util­ity Commission.

Tagged as: data-center, Hawaii, Honolulu, ISP, japan, Pacific-LightNet, telecom, USA