Telstra to take 25% in Southern Cross NEXT cable project
If confirmed, Spark New Zealand’s shareholding will be diluted to approximately 37.5%.
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Telstra is expected to become a 25% shareholder and “anchor” customer in the Southern Cross NEXT underwater cable system project.
According to a press release, the agreed terms for substantial capacity on both the existing network and the new NEXT subsea cable are subject to definitive
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