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

 


InternetNZ welcomes Trans-Tasman cable announcement

InternetNZ welcomes Trans-Tasman cable announcement



InternetNZ (Internet New Zealand Inc) welcomes today’s announcement from Telecom, Vodafone and Telstra Global that they will team up to construct a new submarine cable between Auckland and Sydney.

InternetNZ spokesperson Susan Chalmers says it is essential that New Zealand has a diverse range of international telecommunications links.

“Our main link to the global Internet is via the Southern Cross Cable. An additional cable will not only help reduce reliance on the Southern Cross, but ensure the robustness of our connectivity to the rest of the world.”

While New Zealand will benefit from having a more resilient connection to the global Internet, InternetNZ would be wary to expect any breakthroughs in the price of international transit.

“InternetNZ would have preferred an independent consortium because the new ’TGA’ cable will be part-owned by Telecom, who already owns large interests in the Southern Cross cable. The environment will not be one that naturally encourages competitive pricing.”

Chalmers says the announcement does raise a number of questions, not least of which relate to potential regulatory oversight.

“The location of the new cable company will be important. The headquarters of the Southern Cross Cable is in Bermuda, which handily avoids Commerce Commission oversight. InternetNZ strongly suggests that this new company be located in New Zealand.

She also points to the fact that many global sources of Internet content are diversifying from the US to Australia and Asia.

“An additional cable to Australia will assist in the efficient delivery of this content to New Zealand. For example, last year cloud computing player and retail behemoth Amazon built a Content Delivery Network (CDN) node in Sydney, bringing their content closer to New Zealanders. The shape of the Internet is changing, with content coming closer to end-users in New Zealand. This means faster delivery.”

InternetNZ looks forward to seeing more details as Telecom, Vodafone and Telstra progress and evolve their plans.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Statistics: Dairy And Travel Still Our Largest Export Earners

New Zealand earned $2.3 billion more from exports than we spent on imports during the year ended June 2015... total exports of goods and services were $67.5 billion, while total imports were $65.1 billion. More>>

ALSO:

Approval: Air New Zealand And Air China Launch New Alliance Route

Air New Zealand and Air China have today launched joint sales for a new daily direct service between Auckland and Beijing after receiving approval from New Zealand Minister of Transport Hon Simon Bridges to form a strategic alliance. More>>

ALSO:

Money Trading: FX Trader Jin Yuan Finance Warned Over Lack Of Monitoring

Jin Yuan Finance, an Auckland-based foreign exchange trader, has been warned over its lack of anti-money laundering processes in place in the first public notification by the Department of Internal Affairs. More>>

ALSO:

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:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news