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...

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