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Telstra to acquire 25% stake in Southern Cross Cable Network

2018-12-18 07:44:00| Telecompaper Headlines

(Telecompaper) Southern Cross Cable Network (SCCN) and its shareholders Spark New Zealand, Singtel and Verizon Business announced that Australian operator Telstra has agreed to purchase a 25 percent stake in SCCN and capacity on both the existing network and the new Southern Cross NEXT subsea cable. The share purchase and capacity purchase are inter-conditional, and both are subject to definitive documentation and relevant regulatory approvals. 

Tags: network cross cable southern

Category:Telecommunications

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