SYDNEY (Reuters) – Pacific nations Papua New Guinea and the Solomon Islands have signed on to a joint undersea internet cable project, funded mostly by Australia, that forestalls plans by Chinese telecom giant Huawei Technologies Co Ltd to lay the links itself.
Wednesday’s pact comes as China pushes for influence in a region Australia views as its backyard, amid souring ties after Prime Minister Malcolm Turnbull last year accused Beijing of meddling in Canberra’s affairs.
Australia - Two-thirds - Project - Cost - A
Australia will pay two-thirds of the project cost of A$136.6 million ($100 million) under the deal, signed on a visit to Brisbane by Solomon Islands Prime Minister Rick Houenipwela and Papua New Guinea Prime Minister Peter O’Neill.
“We spend billions of dollars a year on foreign aid and this is a very practical way of investing in the future economic growth of our neighbors in the Pacific,” Turnbull told reporters about the deal.
Project - Australian - Telecom - Firm - Vocus
The project, for which Australian telecom firm Vocus Group...
Wake Up To Breaking News!