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

 

Pacific cable commitment welcomed

Pacific cable commitment welcomed

InternetNZ has welcomed the announcement of a $65m commitment by Government and its wholly-owned research network REANNZ towards the construction of a new trans-Pacific fibre cable by prospective operator Hawaiki.

“A new connection across the Pacific would increase the resilience of New Zealand’s Internet,” says Chief Executive Jordan Carter.

“A new connection would also increase competition for the business of local ISPs, and so would contribute to the end of data caps and faster Internet access for New Zealanders. We regard the benefits of such a cable as significant, and they will become more so as time goes by.

“The anchor tenancy by REANNZ is a sensible way to help Hawaiki get the business case over the line.

“Congratulations to the Government for making this commitment – and best of luck to Hawaiki in being able to secure all the funding required, and starting construction of the cable,” Carter says.

ENDS


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Skodafone Goneski: Sky TV, Vodafone Drop $3.44 Billion Merger Plan

Sky Network Television and Vodafone New Zealand have terminated their merger agreement which aimed to create the country's largest telecommunications and media group, and have withdrawn an appeal against the Commerce Commission's rejection of the plan. More>>

Quake Insurance: Reforms To EQC Act Announced

· Increasing the monetary cap from $100,000 (plus GST) to $150,000 (plus GST) for EQC building cover.
· Clarifying EQC land cover is for natural disaster damage that directly affects the insured residence or access to it... More>>

ALSO:

Reserve Bank: Official Cash Rate Unchanged At 1.75 Percent

Global economic growth has increased and become more broad-based. However, major challenges remain with on-going surplus capacity and extensive political uncertainty... More>>

Kaikōura Earthquake: Private Insurers Receive $1.8b Claims

Insurance Council Chief Executive Tim Grafton said most is for commercial loss at $1.36 billion, with residential claims amounting to over $460 million. “...We have a high level of confidence that most people will have received settlement offers by the end of this year." More>>

ALSO:

Forms And Data: New Proposals To Simplify Personal Income Tax

The Government is proposing to make tax simpler for individuals, with people whose only income is from a salary, wages or investments no longer being required to file tax returns to receive tax refunds or to calculate any additional tax. More>>