Light Wave Online — Australia’s Nextgen Group has signed a US$120 million joint venture memorandum of understanding with Australian network provider Vocus to build and operate the Australia Singapore Cable (ASC). ASC would run 4,600 km between Perth and Singapore. Nextgen Group asserts the submarine cable network, which also would serve Indonesia, would be the first to provide 100-Gbps connectivity from Western Australia (WA) to South-East Asia.
Business Insider — Vocus and Nextgen are working on building a high speed communication cable between Australia and Singapore. The two are in the middle of due diligence on the project which will cost about $US120 million ($A170 million) and take 18 months to build. Vocus and Nextgen will form a 50/50 joint venture to build the 4,600 km cable connecting Australia to Singapore and Indonesia.
The Sydney Morning Herald — The five thin submarine cables that link Australia’s phone and internet connection to the outside world will be joined by a sixth, thanks to an impending deal of up to $US140 million ($198 million) between Vocus Communications and NextGen Networks.
IT News — It’s been likened to a David and Goliath battle – two small ISPs fighting tooth and nail to fend off attacks by TPG’s Goliath in an effort to create a new company that would significantly shake up the Australian telco market. Vocus and Amcom were prepared to do whatever it took to get the merger through to completion.