[AusNOG] News: Minister Conroy contemplating Government-Funded undersea cable?

[Tony]

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. 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) ?

And in boasting about how much power he had he said this (assuming the quote is accurate):



"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.
"Not many regulators have quite that much power."

Wow, just wow...


regards,
Tony.





>________________________________
> From: Mark Newton <newton at atdot.dotat.org>
>To: Damian Guppy <the.damo at gmail.com> 
>Cc: ausnog at lists.ausnog.net 
>Sent: Friday, 28 September 2012 12:12 PM
>Subject: Re: [AusNOG] News: Minister Conroy contemplating Government-Funded undersea cable?
> 
>On Fri, Sep 28, 2012 at 10:06:51AM +0800, Damian Guppy wrote:
>
>> Is it just me or does $250m for a complete AU to US sub sea link seem a
>> little low?
>
>Pipe told the ASX that they spent $200m on PPC-1:
>http://www.pipenetworks.com/docs/media/ASX%2009_03_24%20PPC-1%20Presentation.pdf
>
>So whether $250m is enough to reach the USA might depend on which
>bit of the USA he has in mind.  Guam is US territory :-)
>
>
>  - mark
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