Submarine cable company no longer a project
BY BEN BILUA
THE Submarine Cable Company (SISCC) which was established as a project to oversee the setup of the internet cable in the country has been turned into a business entity.
Chief Executive of SISCC Mr Keir Preedy informed this paper in an email yesterday.
“I’m happy to give you an update on our progress but the first thing to note is that we are an operating business and no longer a project.
“The project to construct the network finished with the handover from Australia on 29th November 2019,” he said.
Mr Preedy was unable to give a clear answer when this paper asked whether SISCC is a lone owner of the business deal or co-shared with other local business institutions in the country.
A cross-check to SISCC website found that the CS2 cable is owned and operated by the Coral Sea Cable Company Pty Limited in Australia.
According to the statement, this company is owned equally by The Commonwealth of Australia, SISCC and PNG DataCo.
It states that, PNG DataCo and SISCC have each been granted Indefeasible Rights of Use (IRU) over two fibre pairs for the full lifetime of the Cable system (25 years) by The Coral Sea Cable Company.