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Wednesday, 02 October 2019 14:34

Southern Cross NEXT Cable enters construction phase

The trans-Pacific Southern Cross NEXT Cable has now entered the construction phase with the project achieving CIF (Contract in Force).

Australia's largest telco Telstra has put pen to paper with the signing of a conditional agreement to take up a 25% equity interest in the US$300 million trans-Pacific Southern Cross Cable Network (SCCN).

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.

Published in Telecoms & NBN

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