Vocus buys Sea-Me-We 3 undersea cable between Perth and Singapore

Vocus Communications enters agreement with Telecom New Zealand Limited to acquire 10 per cent share of cable

Vocus Communications Limited has entered into agreements with Telecom New Zealand to acquire its 10 per interest in the Sea-Me-We 3 cable between Perth and Singapore.

Vocus will pay USD$2.5 million for the 10 per cent share of the Sea-Me-We 3 cable segment.

The acquisition increases Vocus’ investment in Western Australia, a key growth market for the company.

According to a company statement, it continues to invest in its metropolitan fibre network in Perth including recently connecting the newly opened NextDC P1 data centre in Malaga.

Vocus chief executive, James Spenceley, said the acquistion represented an incredible opportunity for Vocus.

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

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

The cable, which is currently the only undersea cable connecting Perth to Asia, has a current design capacity of 140Gbps to be upgraded later this year to 300Gbps.

The undersea cable is 100G capable and it is expected there will be further upgrades in coming years. The cable has a current effective life to 2025.

Read more: Vocus revenue and net profit rise

This investment has been underpinned by a long-term contract with a major US enterprise customer and has a strong return profile and is earnings accretive, the company claims.

Read More:

Sponsored Content: Collaboration has become the new movement in IT. Servers will become an integral part of this industry transition. Click here to learn more.

Join the ARN newsletter!

Error: Please check your email address.

Tags NextDC P1 data centreVocus chief executiveJames SpenceleySea-Me-We 3 cable

More about Telecom New ZealandVocus Communications

 
Computerworld
CIO
Techworld
CMO

Latest News

05:24AM
Sony looking for ways to distribute 'The Interview' online
04:33AM
Sony hack was 'cyber vandalism,' not act of war, says Obama
11:16AM
US rejects North Korea offer to investigate Sony hack, reaches out to China
Dec 21
North Korea wants joint probe into Sony hack, warns of consequences if not
More News
05 May
CeBIT Australia 2015
27 May
World Business Forum Sydney
View all events