Telstra has its eye on Bevan Slattery’s APX West undersea cable between Perth to Singapore, with the telco publically expressing its interest in acquiring one of the system’s fibre pairs.
The move comes in the form of a non-binding Memorandum of Understanding between the telco and SubPartners – the company constructing the cable.
The agreement stamps out the kind of arrangement Telstra looks to have with the cable when it is completed late 2014.
“We have been working with Telstra for some time and were able to agree, not just the commercial terms, but also provide the level of certainty, flexibility and independence which ultimately led to their decision to invest in APX West and SubPartners,” SubPartners CEO, Bevan Slattery said.
Telstra’s managing director of its global division, Martijn Blanken said the announcement further demonstrates the company’s ambitions to expand into the Asia Pacific region.
The APX West submarine cable is particularly instrumental in meeting the growing data transmission needs of multinational enterprises looking to expand their business across the Asia Pacific region. Telstra is dedicated to ensuring our customers have access to superior products and services that they have come to expect from us,” Mr Blanken said.