Pacnet teams with Pacific Fibre to build undersea cable

Pacnet, the owner of Asia’s largest undersea cable, has teamed with local start-up Pacific Fibre to build a US$400 million cable linking New Zealand, Australia and the US.

Pacific Fibre is a venture backed by big-name entrepreneurs Sam Morgan, Stephen Tindall and Rod Drury that aims to challenge Telecom’s Southern Cable. Pacnet and Pacific Fibre will announce the contract to actually build the cable “in coming months,” according to a statement from co-founder Lance Wiggs.

The two companies will share the costs of building and managing the 13,600 kilometre cable, which may be operating as soon as 2013. The partners still need to find customers for the cable.

Pacnet owns EAC-C2C, Asia's largest submarine cable infrastructure at 36,800km and capacity for 10.24 Tbps. It was also the largest investor in the US$300 million Unity cable connecting the US and Japan.

Businesswire.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

February 24th Morning Report
THL - FY26 Interim Results: underlying NPAT up 11%, 3cps dividend
FPH updates FY26 revenue and earnings guidance
February 23rd Morning Report
February 20th Morning Report
SCL - Chief Financial Officer Transition
BLS - Strong YTD performance
CEN announces opening of NZ$75 million Retail Offer
AIA - 1H26 Interim Results
February 19th Morning Report