Australia’s undersea cable market is set to become more competitive with the construction of a new $450 million link to the US.

PacNet and South Pacific-based Pacific Fibre have announced an agreement to jointly fund construction of the 13,600 kilometre cable which will link Sydney, Auckland and Los Angeles from 2013.

To read this report in The Australian in full, see:
www.theaustralian.com.au/australian-it/telecommunications/pacnet-and-pacific-fibre-will-construct-a-450-million-fibre-optic-cable-from-australia-to-the-us/story-fn4iyzsr-1225898127889

Also see:

$400m cable to double internet capacity out of Australia
Two companies will invest an estimated $US400 million ($450 million) in a new 13,600-kilometre submarine cable that they say will double telecommunications capacity out of Australia and further reduce broadband costs to consumers.

Telecommunications company Pacnet and a new company created specifically for the new cable, Pacific Fibre, will invest the money and have it built by 2013.
www.smh.com.au/technology/enterprise/400m-cable-to-double-internet-capacity-out-of-australia-20100728-10vbg.html
www.theage.com.au/technology/enterprise/400m-cable-to-double-internet-capacity-out-of-australia-20100728-10vbg.html