Byline: Gareth Hutchens
Jun 08, 2011 (The Age - ABIX via COMTEX) -- The Southern Cross Cable is currently the only infrastructure connecting Australia to New Zealand (NZ) for data transmission. NZ-based Pacific Fibre is now proposing to roll out a rival cable, and is staging a capital sourcing move worth $A400m with ANZ Banking and Credit Suisse as lead managers. The stakeholders of Pacific Fibre include Sam Morgan of TradeMe with 17.5%, David Kirk with 2.5% and Rod Drury with 15%. The sole client at present is Research & Education Advanced Network New Zealand.
Publication Date: 9 June 2011
PACIFIC FIBRE LIMITED SOUTHERN CROSS CABLE CONSORTIUM AUSTRALIAAND NEW ZEALAND BANKING GROUP LIMITED - ASX ANZ CREDIT SUISSE(AUSTRALIA) LIMITED TELECOM CORPORATION OF NEW ZEALAND LIMITED - ASX TELSINGAPORE TELECOMMUNICATIONS LIMITED - ASX SGT SINGTEL OPTUS PTY LTDVERIZON COMMUNICATIONS INCORPORATED TELSTRA CORPORATION LIMITED - ASXTLS ENDEAVOUR COMMUNICATIONS PACIFIC INTERNET LIMITED TPG TELECOMLIMITED - ASX TPM PIPE NETWORKS LIMITED FAIRFAX MEDIA LIMITED - ASX FXJTRADE ME LIMITED AARNET RESEARCH AND EDUCATION ADVANCED NETWORK NEWZEALAND LIMITED
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