[LINK] ISPs keep fibre link project alive
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
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
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.
... plus a bit of coverage about nasty calls from other Telco's and
discussion on the cost of getting data from the USA ...
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