GlobeCast to acquire Pacific Century Matrix
June 25, 2008
GlobeCast has concluded a conditional agreement with Hong Kong-based broadcast services company Pacific Century Group for the acquisition of the latter. When the transaction is complete, PCM will be renamed GlobeCast Hong Kong.
The acquisition will give PCM clients access to the worldwide reach of GlobeCast, a full subsidiary of France Telecom, while retaining PCM's expertise and personnel. GlobeCast and PCM's international roster of clients will benefit from the companies' expanded capacity and combined resources, including two major technical hubs in Singapore and Hong Kong. PCM's Hong Kong teleport and MCR facility will also be interconnected with GlobeCast's 12 other teleports and technical operations centres around the world, as well as with the company's satellite and fibre content distribution network.
GlobeCast Asia CEO, David Justin, said: "The addition of PCM to the Group will serve to dramatically increase the growth that GlobeCast has already been seeing in Asia for the past few years. PCM comes to us with a strong reputation and invaluable expertise, not to mention a service offering and culture that is very compatible with our own."