[AusNOG] Vocus + Nextgen to build Singapore Cable in early 2016

[Brad Peczka]

This is great news... but the proposed route has it running the same gauntlet as SMW3 near Merak. :-(

Regards,
-Brad.
________________________________________
From: AusNOG [ausnog-bounces at lists.ausnog.net] On Behalf Of Skeeve Stevens [skeeve+ausnog at theispguy.com]
Sent: Wednesday, 11 November 2015 7:24 AM
To: AusNOG Mailing List
Subject: [AusNOG] Vocus + Nextgen to build Singapore Cable in early 2016

News of the Day..

=====
Press Release from Vocus:

Response to Media Speculation - Vocus and Nextgen in discussions to build Australia Singapore Cable

Vocus Communications Limited (Vocus) notes the comments in today’s Australian Financial Review regarding the Australia Singapore Cable (ASC).

Vocus confirms that it has signed a non-binding term sheet with Nextgen Networks Pty Ltd (Nextgen) and is currently engaged in due diligence on the opportunity.

Under the proposal, Vocus and Nextgen will form a 50/50 joint venture to build ASC.

The 4,600km ASC will connect Australia to Singapore and Indonesia, providing the first 100Gbit/s high-speed connection from Australia to South-East Asia. The circa US$120m project will take approximately eighteen months to complete, following finalisation of regulatory approvals and other conditions. The project will be funded using a mix of cash, project debt and customer pre-sales.

The proposal remains subject to certain conditions, including completion of due diligence and regulatory approval, which are expected to be formalised in coming months. The ASC project is scheduled to begin construction early in 2016.
=====

...Skeeve

--

Skeeve Stevens - The ISP Guy - Internet Provider SME

Email: skeeve at theispguy.com<https://mail.google.com/mail/?view=cm&fs=1&tf=1&to=skeeve@theispguy.com> ; Cell: +61(0)414 753 383

Skype: skeeve; Blog: TheISPGuy.com<http://theispguy.com/> ; Facebook: TheISPGuy<https://www.facebook.com/theispguy>

Linkedin: /in/skeeve<http://www.linkedin.com/in/skeeve> ; Expert360: Profile<https://expert360.com/profile/d54a9>