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

 

Vodafone Signs Long-Term Capacity Deal With Pacific Fibre

Vodafone New Zealand signs long term capacity deal with Pacific Fibre

Vodafone New Zealand and Pacific Fibre today announced that they have signed a multi-million dollar agreement for the supply of international bandwidth on the new Pacific Fibre cable system.

Under the 10-year deal, Vodafone will become Pacific Fibre's biggest New Zealand customer.

Vodafone CEO Russell Stanners says Pacific Fibre is bringing much needed competition to the international bandwidth market.

"By partnering with an innovative, entrepreneurial business such as Pacific Fibre, we're helping to break down the digital divide between New Zealand and the rest of the world.

"This deal will allow us to scale our customer offers over the next 10 years delivering the quality and quantity of capacity that our customers need now and into the future.

"This will help us to support New Zealanders' online ambitions by making sure they can confidently connect to the world and the world can confidently connect to New Zealand."

Mark Rushworth, Pacific Fibre CEO, says the Vodafone deal is its biggest to date, coming hard on the heels of a contract with REANNZ.

"Foundation customers such as Vodafone and REANNZ have championed the cause of ensuring international bandwidth competition. Their commitment will have a direct impact on bringing faster service and better rates to the region, helping to break the monopoly on capacity pricing into and out of New Zealand".

Sir Stephen Tindall, Pacific Fibre co-founder, says building Pacific Fibre moves us closer to the US market.

"It's like parking New Zealand off the West Coast of America, removing the tyranny of distance. It will help foster future innovation and greater economic development for New Zealand."

Pacific Fibre's undersea cable system will connect Australia to New Zealand, then to the USA and is scheduled to be launched by early 2014.

About Pacific Fibre

Pacific Fibre was founded in 2010 and is intending to construct one of the longest and most technically advanced undersea cable systems. The Pacific Fibre cable will connect Australia and New Zealand to the United States, using leading and proven industry technology to achieve the fastest and most efficient route. Employing 40G technology, Pacific Fibre's cable will, upon installation, deliver 10.24 Tbt/s of design capacity and, like all modern cable systems, should be capable of significant future increases in design capacity. Pacific Fibre is headquartered in Auckland, New Zealand.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 




Civil Contractors: Massive Rebound In Civil Construction Business Confidence

New Zealand’s civil construction industry is riding a massive rebound in post-pandemic business confidence – but this may be undermined by skills shortages, which continue to be the industry’s number one challenge... More>>



Energy: Feeling Our Way Towards Hydrogen - Tina Schirr

Right now hydrogen is getting a lot of attention. Many countries are focusing on producing hydrogen for fuel, or procuring it, or planning for its future use... More>>

Maritime Union: Calls For New Zealand Shipping To Resolve Supply Chain Crisis

The Maritime Union says there needs to be innovative responses to ongoing shipping congestion. Maritime Union of New Zealand National Secretary Craig Harrison says it is essential that New Zealand develops its own shipping capacity... More>>


Housing: New Home Consents Continue To Break Records

A record 44,299 new homes were consented in the year ended June 2021, Stats NZ said today. “The annual number of new homes consented rose again in the June 2021 year, the fourth consecutive month of rises,” construction statistics manager Michael Heslop said... More>>


Real Estate: June Home Transfers Remain High
There were 44,517 home transfers in the June 2021 quarter, the highest June quarter figure since 2016, Stats NZ said today. The number of home transfers was very similar to the March 2021 quarter and was up 18,252 from the June 2020 quarter... More>>



Statistics: Household Saving Falls In The March 2021 Quarter

Saving by New Zealanders in the March 2021 quarter fell to its lowest level in two years after rising sharply in 2020, Stats NZ said today. Increases in household spending outpaced income growth, leading to a decline in household saving from the elevated levels that prevailed throughout 2020... More>>

ALSO: