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Telstra joins subsea cable race to Singapore

Two competing subsea cables are set to be built between Perth and Singapore after Vocus Communications finalised construction contracts this week, coinciding with a Telstra-led consortium striking an agreement with the same builder.

French company Alcatel Submarine Networks will build both cables.

The Telstra consortium, which includes Google, Optus parent Singtel, AARNET, Indosat Ooredoo and SubPartners (which was today acquired by ASX-listed Superloop), will build the Indigo cable system connecting Singapore to Perth and onwards to Sydney using a two-fibre pair open cable design that will have a minimum capacity of 18 terabits per second.

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Total Shareholder Return as at 30/06/16

1 year TSR5 year TSR
327thLendlease17%20%
441stWestpac-2%13%
453rdTelstra-4%21%
477thQantas-9%19%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

6th-Telstra$26,607.0m
7th↑Westpac$21,642.0m
9th-Qantas$16,200.0m
10th-Lendlease$15,350.3m
76 listed non wa companies ranked by revenue.
Source: Morningstar

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