New Trans-Tasman submarine cable planned
New Zealand Government-owned telco network company Kordia has signed a Memorandum of Understanding (MoU) with Australia’s PIPE Networks under which the two companies have agreed to collaborate on a project to establish a new, private fibre optic cable linking the two countries...
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PIPE International and Kordia said they will leverage each other’s key capabilities in an endeavour to increase international capacity and competition in the New Zealand marketplace. Kordia CEO Geoff Hunt said he was very pleased to be working on an initiative that could be critical to New Zealand’s economic transformation. “This MoU signals a change for New Zealand that will help boost our economy and enable us to compete globally by providing competition on the trans-Tasman capacity route. It also complements the government’s commitment to deliver world-class broadband to all New Zealanders: we’re upping the ante at home and offshore,” Hunt said. PIPE Networks managing director Bevan Slattery said: “This announcement is a shot in the arm for telecommunications in New Zealand and I am delighted to be working with Kordia to resolve the chronic bandwidth issues facing all New Zealanders.” View all Announcements / Contract Listings 8/4/14_ex_h |
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