[LINK] ISPs keep fibre link project alive

Sylvano sylvano at gnomon.com.au
Mon May 25 12:14:51 EST 2009



Pipe dream coming true for net users
Andrew Colley , The Australian, May 25, 2009

<quote>
WHEN cable ship Tyco Durable set off from Sydney's northern beaches to lay
a 9000km undersea fibre-optic link to Guam, via Papua New Guinea, last
Tuesday, it carried much more than the hopes of its main investor, Pipe
International.

<snip>

The bill for the cable system, originally costed at about $200 million in
April 2007 and awarded to Tyco later that year, was expected to be covered
by a credit facility provided by Westpac and ANZ banking group.

But in December, just as the project was due to begin, ANZ and Westpac
pulled out, leaving a hole in Pipe's plans.

The project was rescued by an increased financial commitment from Pipe
Networks and a group of ISPs including Internode, iiNet and Primus who
agreed to enter long-term capacity leases on the new cable.
<quote>

... plus a bit of coverage about nasty calls from other Telco's and
discussion on the cost of getting data from the USA ...

http://www.australianit.news.com.au/story/0,24897,25533252-5013040,00.html
 or
http://tinyurl.com/p5zrz7


Sylvano

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Gnomon Publishing
http://www.gnomon.com.au/


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