Friday, 20 June 2014 09:40

Vocus buys stake in Sea-Me-We 3 cable

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Listed telecommunications provider Vocus Communications has purchased Telecom New Zealand's share of a cable connecting Perth and Singapore.

Vocus Communications has spent US$2.5 million to acquire Telecom New Zealand's 10% stake in the Sea-Me-We 3 cable linking Perth and Singapore.

The cable currently has a capacity of 140Gbps, but will be upgraded this year to 300Gbps. Further upgrades are expected over the remaining 11 years of its effective life.

"To own a portion of this cable represents an incredible opportunity for Vocus," said CEO James Spenceley.

"This is key piece of critical infrastructure for Australia and reflects our focus on both domestic and International fibre optic infrastructure.

"Being a part owner on this route will be a significant differentiator for Vocus in the enterprise and international market."

Vocus has identified Western Australia as a key growth market, company officials stated. Other recent investments in the region include the connection of NEXTDC's P1 data centre to Vocus's Perth fibre network.

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Stephen Withers

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Stephen Withers is one of Australia¹s most experienced IT journalists, having begun his career in the days of 8-bit 'microcomputers'. He covers the gamut from gadgets to enterprise systems. In previous lives he has been an academic, a systems programmer, an IT support manager, and an online services manager. Stephen holds an honours degree in Management Sciences and a PhD in Industrial and Business Studies.

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