Southern Cross Cable Network has announced it has signed agreements and received regulatory approval for Telstra to become a 25 per cent shareholder of the company and an anchor customer of the Southern Cross NEXT undersea data cable.
A 2300 kilometre undersea cable system connecting Australia and New Zealand across the Tasman Sea will commence construction in early 2015.
Vocus has paid Telecom NZ nearly $2.5 million to acquire 10 per cent interest in the Sea-Me-We 3 cable between Perth and Singapore.
Natural gas projects in north-west Australia will soon get a boost from a new submarine cable system connecting Darwin in the Northern Territory and Port Hedland in Western Australia.
Telstra, Vodafone and Telecom will build a new US$60 million submarine cable between Auckland and Sydney to provide greater capacity and connectivity for New Zealand.