From New Zealand, there’s news of a major new cable project getting underway. Pacific Fibre, has announced an alliance with Australia’s Pacnet to build a $US400 million undersea cable between Australia, New Zealand and the US. The project might just be an opportunity for those Island nations who do not sign onto the SPIN cable project to land a submarine cable.
Meanwhile, in Fiji there are unconfirmed whispers that Telecom Fiji Limited has signed a memorandum of understanding with SPIN Cable to land the submarine cable in Fiji. I will attempt to get confirmation of this news from the CEO of SPIN.
This is promising news. Competition to the Southern Cross Cable Network is much needed. However, without a muscular regulatory framework, consumers are unlikely to see much by way of cheaper and more innovative services.