Southern Cross Cable - which enjoys a monopoly on trans-Tasman fibre connectivity - has cut wholesale prices by 20 percent.
Pacific Fibre, the New Zealand company hoping to build a submarine cable system linking Australia, New Zealand and the USA has folded after failing to raise the $US400m needed to fund the building of the system.
Vodafone New Zealand has signed a 10 year capacity deal to become the third, and largest, customer of Pacific Fibre, the company planning to build a submarine cable network linking Australia, New Zealand and the US West Coast.
Pacific Fibre - the New Zealand company planning to build a submarine cable linking Australia, New Zealand and the USA, has signed a contract with TE SubCom (formerly Tyco Submarine Systems) to build the 12,750km system.
Pacific Fibre, the New Zealand company that is hoping to build a new submarine cable link from Australia and New Zealand to the USA, has signed a long term binding capacity sale agreement with REANNZ - operator of the New Zealand research and education network - for $NZ91m.
Southern Cross Cable has announced plans to upgrade its network from 10Gbps per wavelength to 40Gbps in 2012 and says it has successfully trialled prototype 100Gbps transmission equipment.
REANNZ (Research and Education Advanced Network New Zealand Ltd) - the equivalent of Australia's AARNet, has become the first customer on the cable planned by New Zealand company Pacific Fibre to connect Australia and New Zealand to the US West Coast.
Pacific Fibre - the New Zealand company planning to build a submarine cable linking Australia and New Zealand to the US, has appointed the ANZ Bank, Credit Suisse and First NZ Capital to lead fund raising for the $US400m system.
Pacific Fibre - the New Zealand company planning to build a submarine fibre cable linking Australia, New Zealand and the US west coast - has issued a request for tenders for the system but without its erstwhile partner Pacnet, which was to have owned one fibre pair on the planned two pair system.
Pacific Fibre - the New Zealand company founded last March to build a submarine cable linking Australia, New Zealand and the US - has secured investment from PayPal cofounder and former CEO Peter Thiel.
Pacific Fibre, the New Zealand company planning a new submarine cable network linking Australia, New Zealand and the USA, is looking for staff, including people able to help it raise $US220m in funding.
Regional submarine cable network operator, Pacnet, has joined with New Zealand startup, Pacific Fibre, to build a new submarine cable network linking Australia, New Zealand and the US.
MYOB founder, Craig Winkler, is one of a number of new investors to have backed the Pacific Fibre cable, a company founded in March by a group of New Zealand businessmen.
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