Pacific Fibre, the company, is closed down. We had a great contract to build, solid customer contracts for launch but failed to build an investor book to the required us$300m. The cable was to be 12-15 Tb/s, and use technology that was a lot more upgradable than the existing cable. Demand and business model were never an issue. Someone plonking $1-300m in the table was, even though they'd likely multiply that amount significantly. Our competitor, for example, had their cable build cost paid for by launch date, and their build cost was several times larger.
Kim Dotcom managed to stir up a lot of people, the primary issue for him, assuming he raised the money, would be landing rights into the USA. But even as it is increasingly apparent that he's the victim here, he is still wanted by to be extradited by the same USA authorities who froze his assets.