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Telecom Corporation of New Zealand Ltd To Build Australia-New Zealand Cable With Vodafone Group Plc and Telstra Corp-Reuters

Monday, 18 Feb 2013 06:31pm EST 

Reuters reported that Telecom Corporation of New Zealand Ltd, Vodafone Group Plc and Telstra Corp Ltd plan to build a $60 million submarine cable linking New Zealand with Australia and strengthening its Internet connectivity with Asia, Telecom said. The Tasman Global Access Cable is expected to be completed by late 2014. The venture would be a roughly equal partnership between the three firms.