CANBERA (dpa-AFX) - Responding to media speculation on Pacnet, Australian telecom giant Telstra Corp. Ltd. (TLS.AX, TLSYY) confirmed that it is in discussions with the owners of Pacnet around a potential transaction to acquire Pacnet.
There is no certainty that any transaction will take place as a result of these discussions, Telstra said.
Pacnet's owners were reportedly seeking a valuation of about $1 billion including debt, people with knowledge of the sale process said in June.
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