ASX-listed Vocus to lift Southern Cross capacity by 10 times

Thu, 19 Feb 2015

By Paul McBeth Feb. 19 (BusinessDesk) - Vocus Communications, the ASX-listed company that bought New Zealand's FX Networks last year, will spend US$58.5 million to beef up its capacity on the Southern Cross Cable by almost 10 times. Sydney-based Vocus entered into an agreement to buy extra capacity on the undersea link between New Zealand, Australia and the US over a six-year period, beginning from December this year, it said in a statement. When fully-allocated that will increase the firm's existing capacity by almost 10 times to ensure...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Climate change
Concrete: govt eyes carbon border tax
Ian Llewellyn | Wed, 18 May 2022

The government is examining the complex idea of border carbon taxes in the context of the concrete sector.

Politics
PollTracker: National comes full circle
Andy Fyers | Wed, 18 May 2022

After it languished for two years, support for the opposition has returned to pre-pandemic levels.

Opinion
No-nonsense words for fund managers
David Chaplin | Wed, 18 May 2022

The Financial Markets Authority will pay closer attention the practice of bundling up advice fees and trail commissions within products and the use of cash rate-based performance indexes. 

Sponsored
Grow your business by taking time to plan

Getting business fundamentals right gives the best chance at beating the unplannable.

Partner content
More fuel storage needed now

Boosting fuel reserves could prevent social & economic disruption.