Thursday, January 19, 2012

Southern Cross Cable slashes wholesale prices by 44% after progress by Chinese rivals; Kordia denies management deal

The Southern Cross Cable Network, New Zealand’s only international submarine cable, has confirmed that it has cut wholesale prices by as much as 44%. The news came just hours after Chinese firm Axin Ltd revealed that work on its own independent submarine cable has progressed significantly, following the signing of a ‘multi-million dollar’ marine survey contract with affiliate company Huawei Marine


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OVETEL Southern Cross Cable slashes wholesale prices by 44% after progress by Chinese rivals; Kordia denies management deal

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