<html><body><div style="color:#000; background-color:#fff; font-family:times new roman, new york, times, serif;font-size:12pt">Reading the article linked by the OP says that the recent NZ Pacific Fibre failed to raise $400m required for their proposed AU-NZ-US cable, so not sure how Conroy figures on spending only $250m<span class="tab">. Unless that is just what he is going to tip in and he's expecting an equity partner to add a similar amount for a total of perhaps $500m (which would be a more realistic figure) ?<br><br>And in boasting about how much power he had he said this (assuming the quote is accurate):<br><br><br></span><div>"That means I'm in charge of spectrum options and if I say to you,
everyone in this room you want to bid next week in our spectrum auction
you better wear red underpants on your head, I've got some news for
you — you'll be wearing them on your head," he said.</div>
<div>"Not many regulators have quite that much power."</div><br><br><span class="tab">Wow, just wow...<br><br><br>regards,<br>Tony.<br></span><div><span><br></span></div><div style="color: rgb(0, 0, 0); font-size: 16px; font-family: times new roman,new york,times,serif; background-color: transparent; font-style: normal;"><br><blockquote style="border-left: 2px solid rgb(16, 16, 255); margin-left: 5px; margin-top: 5px; padding-left: 5px;"> <div style="font-family: times new roman, new york, times, serif; font-size: 12pt;"> <div style="font-family: times new roman, new york, times, serif; font-size: 12pt;"> <div dir="ltr"> <font face="Arial" size="2"> <hr size="1"> <b><span style="font-weight:bold;">From:</span></b> Mark Newton <newton@atdot.dotat.org><br> <b><span style="font-weight: bold;">To:</span></b> Damian Guppy <the.damo@gmail.com> <br><b><span style="font-weight: bold;">Cc:</span></b> ausnog@lists.ausnog.net <br> <b><span
style="font-weight: bold;">Sent:</span></b> Friday, 28 September 2012 12:12 PM<br> <b><span style="font-weight: bold;">Subject:</span></b> Re: [AusNOG] News: Minister Conroy contemplating Government-Funded undersea cable?<br> </font> </div> <br>On Fri, Sep 28, 2012 at 10:06:51AM +0800, Damian Guppy wrote:<br><br> > Is it just me or does $250m for a complete AU to US sub sea link seem a<br> > little low?<br><br>Pipe told the ASX that they spent $200m on PPC-1:<br><a href="http://www.pipenetworks.com/docs/media/ASX%2009_03_24%20PPC-1%20Presentation.pdf" target="_blank">http://www.pipenetworks.com/docs/media/ASX%2009_03_24%20PPC-1%20Presentation.pdf</a><br><br>So whether $250m is enough to reach the USA might depend on which<br>bit of the USA he has in mind. Guam is US territory :-)<br><br><br> - mark<br>_______________________________________________<br>AusNOG mailing list<br><a ymailto="mailto:AusNOG@lists.ausnog.net"
href="mailto:AusNOG@lists.ausnog.net">AusNOG@lists.ausnog.net</a><br><a href="http://lists.ausnog.net/mailman/listinfo/ausnog" target="_blank">http://lists.ausnog.net/mailman/listinfo/ausnog</a><br><br><br> </div> </div> </blockquote></div> </div></body></html>