Southern Cross Cables vice president of operations Dean Veverka and Southern Cross project director Gwenn Nedeleca with the ceremonial "Golden Buoy" on Takapuna Beach to mark the New Southern Cross Next cable arriving in NZ on Tuesday. The new Southern Cross Next cable (in green) will complement the company's existing, 21-year-old twin-cable system - at least until its decommissioned around 2030. Southern Cross Cables vice president of operations Dean Veverka and Southern Cross project director Gwenn Nedeleca with the ceremonial "Golden Buoy" on Takapuna Beach to mark the New Southern Cross Next cable arriving in NZ on Tuesday. Between 2000 and 2018, the Southern Cross Cable Network's monopoly meant fat profit-share payouts for Telecom then Spark. Another new international cable on the wayMeanwhile, Hawaiki Cable director Malcolm Dick has welcomed the new competition - and underlined that his company is planning another international cable.

Source: New Zealand Herald June 30, 2021 03:00 UTC