Feeds

NZ boffins anchor new submarine cable

Science likes big bandwidth

Beginner's guide to SSL certificates

New Zealand’s new US$400m submarine communications cable project, Pacific Fibre, has signed Reannz (Research & Education Advanced Network NZ) as its first customer.

The Pacific Fibre undersea cable system will connect Australia to the United States with two fibre optic cables via New Zealand and should bring more competitive pricing to the international transmission market - it will go head-to-head with the incumbent Southern Cross Cable network.

Under the agreement, Reannz is investing its own operational funding, along with a NZ$15 million government-backed grant. Reannz owns and operates Karen, the Kiwi Advanced Research and Education Network, on behalf of New Zealand’s research, education and innovation community, including universities and Crown Research Institutes (CRIs).

The deal will see capacity available to Karen subscribers rise from today’s 1Gb/s to an initial 40Gb/s and then to 160Gb/s.

The value of the capacity commitment is more than NZ$400m at current market rates but, citing economies of scale of the new network, Reannz CEO Donald Clark said the organisation is “paying far less than that”.

Clarke said Pacific Fibre will "provide us with effectively unconstrained capacity to Australia and the USA from mid-2014, allowing us to collaborate with the rest of the world on an equal footing.”

Pacific Fibre CEO Mark Rushworth said the undersea cable system will “unleash the potential of the Australian NBN and New Zealand UFB/RBI projects. It will provide the fastest path to the United States with the most competitive cost basis and help Australia and New Zealand meet the ever-increasing demand for international voice, data and internet content.”

In April, Pacific Fibre invited the submarine cable industry to tender for the construction on the cable network. It hopes to sign a construction contract by Q3 of 2011.

Last month the Pacific Fibre appointed ANZ Bank, Credit Suisse and First NZ Capital to help raise funds for the cable. First NZ Capital and Credit Suisse will seek equity investors, while ANZ will raise debt finance. ANZ said that as lead arranger it intends to provide a significant proportion. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Crouching tiger, FAST ASLEEP dragon: Smugglers can't shift iPhone 6s
China's grey market reports 'sluggish' sales of Apple mobe
Sea-Me-We 5 construction starts
New sub cable to go live 2016
EE coughs to BROKEN data usage metrics BLUNDER that short-changes customers
Carrier apologises for 'inflated' measurements cockup
Comcast: Help, help, FCC. Netflix and pals are EXTORTIONISTS
The others guys are being mean so therefore ... monopoly all good, yeah?
Surprise: if you work from home you need the Internet
Buffer-rage sends Aussies out to experience road rage
EE buys 58 Phones 4u stores for £2.5m after picking over carcass
Operator says it will safeguard 359 jobs, plans lick of paint
MOST iPhone strokers SPURN iOS 8: iOS 7 'un-updatening' in 5...4...
Guess they don't like our battery-draining update?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.