16 Jan 2017

Second loan request for American Samoa's internet cable

9:12 am on 16 January 2017

American Samoa's telecommunications authority has made a second loan request to help fund a new undersea internet cable.

The American Samoa Government Employees Retirement Fund says the authority has asked for a US$4 million loan.

The fund's chairman, Vaanatiu Tofala Iafeta says the fibre optic cable will connect the territory to the United States, Australia, New Zealand, and other islands.

Last year, the retirement fund approved another US$4.7 million for the authority.

Vaanatiu says the retirement fund needs to conduct a due diligence review of the request, and it has asked the agency to provide more information.

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