29 Sep 2009

Kordia considers undersea cable

5:10 pm on 29 September 2009

Kordia directors are meeting to discuss the future of a proposed fibre-optic trans-Tasman cable.

The telecommunications cable, which its estimated will cost about $200 million, is planned to run between Auckland to Sydney.

The state-owned Kordia last year signed a memorandum of understanding with Pipe Networks of Australia intending to build the cable.

Kordia says the submarine cable would provide competition for Telecom's Southern Cross Cable.