Pipe Networks has temporarily ceased trading on shares as an announcement on the go ahead of a Fibre Cable Link to Guam is expected to be made shortly.
‘Project Runway’, which will witness a submarine cable run from Sydney to Guam, has been earmarked to provide more competition to the likes of Telstra and Optus and break the current duopoly of cable links that connect International data transmissions to Australia. Speculation on the completion of Project Runway suggests that customers may start connecting to the new cable link as early as Q1 2009.
“Pipe Networks announced in December that it would shortly have enough customers signed to go ahead with the proposed PPC-1 (Pip Pacific Cable) 1) project, which it says will give Telstra and Optus a much-needed competition for international data traffic.”
Read the entire article at MISAustralia.com
