Company History

Australia Japan Cable was established in 2000 as a private cable company to design, construct, market and operate a 12,700km submarine fibre optic cable network (AJCN) from Sydney, Australia, to near Tokyo, Japan, via Guam.

The business was funded by a combination of equity capital from the founding shareholders and a project finance debt facility provided by a consortium of a dozen banks (the consortium now consists of 8 banks following several transfers). A significant proportion of the debt was secured by pre-sales.

The construction phase of the project was completed under budget in December 2001, with equipped capacity of 40+40 Gbit/sec of a total design capacity of 320+320 Gbit/sec.

In March 2010 an upgrade was completed on time and on budget, bringing total equipped capacity to 160+160 Gbit/sec and confirming a design capacity increase to a maximum of 2.56 Tbit/sec.

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