18 Mar 2008

American Samoa's governor names company that would set up fiber optic cable

11:31 am on 18 March 2008

American Samoa's governor says Cable Enterprise is the name of the company that would be set up to promote, fund, plan and operate the Pac Rim East fiber optic cable.

The principles of the company are New Zealand's phone company Telecom New Zealand, Elandia Inc. owners of Datec company and US finance company Merchant Capital.

American Samoa's Governor, Togiola Tulafono, signed a letter of intent and agreement with the company partners in August of last year.

He said at the time that the government would acquire one third ownership of the company and the American Samoa Government would advance 9 million US dollars over the next three years to assist in financing the fiber optic project.