Back in February Spark took a first-half profit hit as its usually fat share of earnings from the Southern Cross Cable, in which it holds a 50 per cent stake, dropped to zero amid new competition.

So what's next in the trans-Pacific cable wars? There was good and bad news on that front when Southern Cross updated the Herald yesterday.

The good: a spokesman said funding was expected to close by the end of May for the US$350 million ($519m) new Southern Cross Next cable, which will provide a broadband link between Sydney, Auckland and LA, with a spur running

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End of the golden weather