Telstra has revealed the addition of almost one million new mobile services in the six months to December 2011, but Sensis revenues plummeted 24 percent in 12 months.
Pipe Networks CEO, Bevan Slattery, said: "The passing of first light represents the physical completion of the PPC-1 system and the commencement of the testing phase in the development programme. It also confirms that we have persevered through some of the most difficult of circumstances, including the global financial crisis, and achieved something that many said could never be done and would never be done."
He added: "This milestone has only been possible with the vision and support of our cornerstone customers including Telikom PNG, iiNet and Internode and the dedication and commitment of the Pipe International team and [primary supplier] Tyco Telecommunications.
"We now have staff in Sydney, Guam, Papua New Guinea, Tokyo and San Jose establishing PoPs and preparing for the testing of the greater network. It's now a race to finish these final works in the lead up to the official launch of PPC-1 on the 8th October, 2009."
Pipe had initially intended to use mostly debt financing led by the ANZ band to fund rollout of the cable, but that fell through as a result of the global financial crisis and in December last year Pipe was forced to put the entire project on-hold indefinitely .
Less than three weeks later it announced that the project was back on track thanks to its main supplier, Tyco Telecommunications, and an unnamed key customer agreeing to, respectively, defer and advance scheduled payments.
Need all the latest news on telecommunications?
If telecoms is your business: you'll find in-depth, industry-specific news, analysis and commentary in ExchangeDaily
Check out a
recent edition (no forms to fill in) or take a free trial
David Bass
| For the fourth year in a row, IDC has placed content security provider Websense (NASDAQ: WBSN) at the top of the IDC Worldwide Web Security 2011 –…
How to Make Business Discovery Work for Your Business
Business Discovery takes its cues from consumer apps. Like Google, it encourages us- ers to hunt for and explore data without worrying about or even noticing the underly- ing technology. Their entire experience is working within an intuitive interface to get real-time, self-service results with only minimal training. ...more
Try an easy-to-use set of web-enabled
tools for business-class productivity services. Office 365 provides
anywhere-access to email, important documents, contacts, and calendars
on almost any device.