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.
Tags: data-center, Hawaii, Honolulu, ISP, japan, Pacific-LightNet, telecom, USA
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