Melbourne Internet service provider, eisa, is investing $150 million over the next 15 years to increase its Internet capacity.
The investment, partly involving an agreement with Southern Cross Cable Network, is expected to increase eisa's Internet capacity by up to 20 times, officials said.
Under the capacity use agreement, eisa will directly own cable capacity on the network, officials said.
Eisa's current 90Mbps Internet capacity will increase to 620Mbps when the network comes online next year.
The Southern Cross Cable network is the largest and most direct link from Sydney and New Zealand to the US. Investors include AAPT, OzEmail, Telstra, Primus and WorldxChange.