Vocus Communications (ASX:VOC) has signed a deal with Alcatel Submarine Networks to build the Australia Singapore Cable – a 4,600km underwater cable linking Australia to Indonesia and Singapore.
Vocus says the Australia Singapore Cable was a key strategic consideration in its decision to purchase Nextgen Networks.
The company says the Cable will be designed to provide a minimum of 40 terabytes per second of capacity from Western Australian to Southeast Asia.
In addition, it’s estimated that the Cable will take 19 months to build (at a cost of US$170 million), and completion is targeted for August 2018.
Vocus posted a net profit of $64.3 million at 30 June 2016.
