By Bloomberg

Pacnet Ltd.’s owners have revived a sale of the undersea cable operator and started reaching out to potential buyers, according to people familiar with the matter.

Pacnet investors, including Ashmore Investment Management Ltd., Spinnaker Capital Ltd. and Clearwater Capital Partners, are working with Credit Suisse Group AG on the sale, the people said. The funds are seeking a valuation of about $1 billion including debt, said two of the people, asking not to be identified as the talks are private.

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