Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Telecom, Vodafone, Telstra team up on new trans-Tasman cable

Telecom, Vodafone, Telstra team up on new trans-Tasman cable

Feb. 19 (BusinessDesk) - New Zealand's dominant mobile and landline phone companies Telecom and Vodafone New Zealand are teaming up with Australian rival Telstra to look building a new trans-Tasman submarine cable to lift the nation's internet links to the rest of the world.

The phone companies have signed a non-binding memorandum of understanding to co-invest in the build of an Auckland-to-Sydney link, at a cost of at least US$60 million, they said in a joint statement. The link, tentatively called the Tasman Global Access Cable, would incorporate three fibre pairs with a current capacity of 30 terabits a second.

"The business case for a new cable between New Zealand and Australia is compelling, providing greater capacity and global redundancy capability," Telecom chief executive Simon Moutter and Vodafone NZ head Russell Stanners said. "An additional cable connection with Australia will strengthen the business case for international data servers to be located in New Zealand."

The deal comes after Pacific Fibre's $400 million trans-Pacific link fell over after failing to attract enough investment, and as Hawaiki Cable emerged as the latest player with plans to link the Pacific Islands with New Zealand the US.

The TGA design is expected to be finalised in the coming months, with a likely completion date in mid to late 2014.

Last month, Southern Cross Cable, which counts Telecom as an owner, announced it would cut its capacity prices by a fifth. The cable runs in a figure-eight loop between New Zealand, Hawaii, Fiji and the US mainland, is nearing completion of its eight capacity upgrade, taking total lit capacity to 2 Terabits a second.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Auckland Surge, Possible Peak: House Values Accelerate At Fastest Annual Pace In 8 Years

New Zealand residential property values rose at their fastest annual pace in eight years in August, pushed higher by overflowing demand in Auckland, which is showing signs speculators think it has reached its peak, according to Quotable Value. More>>

ALSO:

Cash Money: Reserve Bank Launches New $5 And $10 Banknotes

The $5 and $10 final banknotes were revealed at an event at the Bank in Wellington, and will start to be released from mid-October 2015. More>>

ALSO:

Truck Sales Booted: Commerce Commission Files Charges Against Mobile Trader

The Commerce Commission has filed charges against a mobile trader, or truck shop operator, claiming he obtained money from customers by deception and never intended to supply them with the goods they paid for. More>>

ALSO:

Planes: Jetstar Launches Regional Network

Jetstar, the Qantas Airways budget offshoot, launched its new regional network in New Zealand with special $9 one-way fares and has narrowed down its choices to five routes and four destinations - Nelson, Napier, New Plymouth, and Palmerston North. More>>

ALSO:

Fisheries: Report On Underrsize Snapper Catch

The report found that commercial fishers caught 144 tonnes of undersized snapper in the Snapper 1 area – about 3% of the total commercial catch – in the year ending February 2015. The area stretches from the top of the North Island to the Bay of Plenty and is one of New Zealand’s most important fisheries. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news