Pacific Internet: From Now On, It's Swimming With Sharks

Foreign ISP rivals are set to come piling into its market

Not even a year ago, Pacific Internet was the envy of Asia's first generation of Net companies. It was the Singapore service provider's February listing on the Nasdaq that started the Net fever that consumes the region. But the easy days are suddenly gone--and probably for good. On Sept. 13, Singapore regulators lifted restrictions that have kept foreigners out of the local market. It was behind those barriers that Pacific Internet became a pathbreaker in the Asian Internet industry. Now, it has to swim in a larger sea.

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