PacNet Plan Relies on Web Hosting May 10, 2006 — (WEB HOST INDUSTRY REVIEW) — Internet communications provider Pacific Internet (pacnet.com) announced on Tuesday it has launched a strategic plan to accelerate growth and triple its revenues over the next five years. Under the leadership of Teck Moh Phey, PacNet’s president and CEO, the plan is intended to transform PacNet into an IP-based communications and solutions provider by strengthening its core competencies and capitalizing on the anticipated growing importance of various broadband Internet technologies. The strategic plan outlines several key thrusts on which the company wants to expand. One of the main goals is increasing business revenues from IP-based value-added services. PacNet will increase its focus on services including Web and applications hosting, VoIP and managed security. By growing value-added services, PacNet seeks to strengthen customer relationships as well as to increase revenue per customer. ”The aim is to develop value-added services to contribute 30 percent of the overall revenue in five years,” says Phey. “I joined PacNet earlier this year because I saw the excellent potential for the company to succeed as a nimble, focused player in a fast-changing info-communications landscape. We are committed to delivering on our strategic objectives. In doing so, PacNet is well placed to be a leading communications and solutions provider in the new IP-based environment across the Asia-Pacific, the world’s most dynamic and fastest growing region.” PacNet says it is the largest telco-independent Internet communications service provider by geographic reach in the Asia Pacific region. The company has direct presence in Singapore, Hong Kong, the Philippines, Australia, India, Thailand and Malaysia. PacNet plans to expand into China and Indonesia under the new plan.
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