By SubTel Forum
The Southern Cross undersea cable landings at two Auckland beaches have been labelled critical infrastructure and key resources by the United States government, a Wikileaks cable released today reveals according to the National Business review. Â The fibre optic submarine cable – New Zealand's only broadband connection to the outside world – is 50% owned by Telecom, 40% by SingTel Optus and 10% by Verizon. Pacific Fibre, a start-up backed by rich listers Sam Morgan, Rod Drury and Sir Stephen Tindall, is attempting to challenge Southern Cross' monopoly, but is still in the planning and funding stages.
