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New Zealand telecoms plan $60m fiber-optic cable

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WELLINGTON, New Zealand (AP) — Three New Zealand telecommunications companies say they plan to jointly build a new $60 million fiber-optic cable connecting New Zealand with Australia. Telecom, Vodafone and Telstra announced Tuesday they hope to complete the undersea Internet-powering cable by the end of next year. They say its capacity of 30 terabits per second is about 300 times New...