Southern Cross Cable Cuts Prices
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[Sydney, AUSTRALIA] Southern Cross Cable Network has reduced the base prices for its trans-Pacific and trans-Tasman bandwidth services by 20 percent, which are due to be operational by November 15.
The base price for a 15 year 155Mb connection between Australasia and the U.S. has been reduced from $20.6 million to $16.6 million (US $12.9 million to US $10.4 million). Connections from Hawaii to the U.S. have been reduced from $2.2 million to $1.8 million (US $1.4 million to US $1.1 million) and between Australia and New Zealand from $6.6 million to $5.2 million (US $4.1 million to US $3.28 million).
Southern Cross Director Asia Pacific, Ross Pfeffer said the price reductions had been planned "for some time" and follow sales from the company's second data gathering meeting of US $553 million. A third meeting will be held in Hawaii between August 22 and 25.
Pfeffer said the company was following a strategy of rewarding customers who signed up early. He said there had been an unprecedented increase in demand as the November service date approaches.