Southern Cross strikes deals for Next undersea cable build, Telstra picks up 25% Southern Cross stake

Tuesday 1 October 2019 | 09:27 CET | News
The Southern Cross Cable Network (Southern Cross) and its shareholders have announced they have signed agreements and received regulatory approval for Telstra to become a 25 percent shareholder of Southern Cross and an anchor customer of the Southern Cross Next undersea data cable (SX Next). Southern Cross also reports conditional agreements have been executed and regulatory approvals have been obtained to enable construction of the Southern Cross Next subsea cable to soon begin. Telstra thus joins existing Southern Cross shareholders Spark, Singtel and Verizon. The shareholders have agreed

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Categories: Fixed
Companies: Spark / Telstra
Countries: Australia / New Zealand
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