Pacific Fibre ranks bolstered

Data cable firm's share register strengthened

Nine more heavyweight investors, including former Fairfax CEO David Kirk, have joined the trans-Pacific data cable company Pacific Fibre. Pacific Fibre, which will connect Australia, New Zealand and the US with a fibre cable delivering 5.12 terabits per second of capacity in 2013, now has 15 backers. Also taking stakes in the firm are economist and investment adviser Gareth Morgan, Seaworks chairman Bill Day and MYOB founder Craig Winkler. For further details, visit BusinessDay.

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