10 Feb 2020
Financing Digital
Terabit Territory
The Northern Territory (NT) Government will partner with the leading Australian telecommunications company Vocus to upgrade the Territory’s existing fibre optic cable from 400 gigabites to 20 terabits.
$7.9 million from the Local Jobs Fund will be invested in the joint project. Vocus will invest $10 million to upgrade the fibre-optic cables across the Territory.
This project will bring the NT in line with telecommunications infrastructure Australia-wide. This massive increase in the volume and speed of digital services will mean:
- faster internet speeds within the Territory
- attracting new businesses to the Territory
- attracting private investment in data centres - a new industry for the Territory, and
- a direct fibre-optic link to the huge technology hubs in Singapore and South-East Asia.