Jun 2, 2026 – 3.29pmArtificial intelligence infrastructure start-up Firmus Technologies will fund the first new fibre-optic cable to Tasmania in 20 years as part of a deal with underwater cable company Subco that Firmus says will accelerate its AI factory build.The new cable, called Bernacchi-1, will link northern Tasmania to Subco’s new 5000-kilometre cable system linking Sydney, Melbourne, Adelaide and Perth. The mainland cables will be operational this month, with the Tasmanian link – underwritten by Firmus but built and operated by Subco – scheduled for completion by the second quarter of 2027.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Firmus steps in to fund subsea fibre connection to Tasmania
The AI start-up and IPO hopeful has agreed to underwrite the missing link in Subco’s undersea cable connecting Sydney, Melbourne, Adelaide and Perth.
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