Any initiative to get more affordable capacity down this way is to be applauded. Now we can only hope that the various network operators involved can play nicely together so we all benefit through lower prices and lower latency/higher speed international service.
I can only imagine that residents of the various islands along the route will be pleased, but who will pay to hook them up? Hmm... telecommuting from New Caledonia! I think I need to jump on this one.