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Interchange's ICN-1 is a public-private partnership between Interchange Limited and the government of Vanuatu, completed in January 2014. The $32m, 1259 km long  cable was partly debt-funded, with pre-purchase agreements by Vanuatu's government key to finance arrangements. The Vanuatu National Provident Fund is the largest individual shareholder, with a 37.5% stake. Vanuatu Post and the Government of Vanuatu each hold a 6.25% share, and the other 50% is privately held.

After years of low uptake of bandwidth on the cable, Vanuatu's telecommunications regulator found that the operator and other parties had engaged in anti-competitive conduct. After her 2016 ruling, the regulator was suspended in 2017 by Vanuatu's government. Vanuatu's Supreme Court found the government's actions were unlawful.

Lands at:

  • Port Vila, Vanuatu
  • Suva, Fiji

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