Australia’s largest telco Telstra has added substantial capacity to its subsea cable infrastructure with its first large capacity purchase on the new-generation New Cross Pacific cable, and a further investment in the Faster cable.
Telstra is taking up an equity partnership in Southern Cross Cable Networks with an investment that gives it extra capacity in the trans-Pacific subsea cable.
Amazon was the most purchased stock by Australians on the US stock market in 2018, with many Aussie investors indicating they had turned to US trading in fintech stocks due to being increasingly limited to traditional industries like mining and banking on the Australian market.
I should update my comment. NBN did respond in support of the Industry.
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