Vodafone NZ signs up to Pacific Fibre in 10-year deal
Submarine cable venture, Pacific Fibre, has a new bandwidth partner, Vodafone New Zealand, with the signing of a undisclosed multi-million dollar 10-year deal between the two companies.
Submarine cable venture, Pacific Fibre, has a new bandwidth partner, Vodafone New Zealand, with the signing of a undisclosed multi-million dollar 10-year deal between the two companies.
An investment fund led by PayPal co-founder and chief executive, Peter Thiel, has become one of the first to financially back a New Zealand submarine cable venture, committing $NZ5.5 million ($AUD4.24 million) to the project.
Raw network bandwidth out of Australia is set to get a two-fold increase with a new $US400 million undersea cable project announced in Sydney today.
A new drive to develop international network capacity is under way, in Pacific Fibre, an early stage international fibre venture founded by a group including Warehouse founder Stephen Tindall, Trade Me's Sam Morgan and Rod Drury, founder of SaaS software provider Xero.