PIPE Networks secures funding for PPC-1 project

6 Feb 2009

MIS Financial Review is reporting that Australia’s PIPE Networks has secured the necessary funding for completion of its PPC-1 submarine cable project. The funding is expected to allow PIPE to complete the project without calling for early payments from customers as had been expected. The PCC-1 cable will link Sydney with Guam, and is expected to provide businesses a direct broadband link to both the US and Asia. US-based Tyco Telecommunications has been contracted to manage the turnkey project, and the cable is expected to go live by the end of 1H 2009.

Australia, Guam, PIPE Networks, Tyco Telecommunications