The New Zealand Government's $15 million plan to encourage industry investment in a new Trans-Tasman fibre cable has fallen flat after industry showed little interest in taking up the initiative.
International telco Verizon last week admitted it had shed some Australian staff with its January acquisition of MCI. But the US heavyweight continues to win large deals Down Under.
Networking heavyweight Ericsson has sealed a four year deal to create and support a new network for TelstraClear, Telstra's New Zealand subsidiary.
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