[AusNOG] Vocus to build Australia Singapore Cable

[Brad Peczka]

> I'm curious what the "Ontario Teachers Pension Fund" is bringing to the party to earn US$20m.

..a good set of negotiators?

>From the Vocus announcement on the Nextgen takeover (https://www.vocus.com.au/investors/asx-announcements/ASX-VOC-797504.pdf) - Vocus paid nothing upfront for Nextgen's share of ASC, and instead only paid if construction went ahead (hence the US$20m). 

Not a bad hedge on the part of Vocus, given that if APX-West or Trident (or both) had have beaten them out of the gate, then it's unlikely that construction of ASC would have proceeded.

Regards,
-Brad.