AT&T Co says it has been awarded a $157m contract to build a new undersea fibre-optic cable to link San Luis Obispo, California to Oahu, Hawaii – but since AT&T will own 52% of the cable, it sounds as if it awarded the contract to itself: the Haw-5 cable, the second fibre-optic cable to the island state of the Union, is due to come into service in 1993; other shareholders will include telecommunications organisations in Australia, Belgium, Canada, France, Germany, Hong Kong, Italy, Japan, the Netherlands, New Zealand, the Philippines, Sweden, Taiwan, UK and US.
