Feb
1
Written by:
wayne bucklar
Friday, February 01, 2008
BRISBANE telco Pipe Networks is poised to unveil a $200 million submarine cable link to the US island of Guam, designed to capitalise on booming internet traffic and cut broadband costs for Australians. Pipe Networks will be in direct competition with Telstra and the Southern Cross cable owned by Telecom New Zealand-SingTel Optus. The group is using Guam because it has multiple links connecting the island to Hawaii, the US West Coast and parts of Asia. Last March, Telstra announced it would build its own new submarine cable to Hawaii at a cost of about $300 million. Until now, Southern Cross has had a tight grip on the market for US-bound internet traffic.
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