Vodafone NZ and Pacific Fibre sign multi-million dollar deal
22 August 2011 |
Vodafone New Zealand has signed a multi-million dollar agreement with Pacific Fibre for the provision of international bandwidth.
The agreement will last 10 years and makes Vodafone Pacific Fibres biggest New Zealand customer to date.
Pacific Fibre is planning to build a cable system connecting New Zealand and Australia to the US, which is scheduled to launch in early 2014.
Vodafone New Zealands CEO Russell Stanners explained that the entrance of another cable system will bring much needed competition to the international bandwidth market. By partnering with an innovative, entrepreneurial business such as Pacific Fibre, were helping to break down the digital divide between New Zealand and the rest of the world, he said.
According to Telegeography, between 2002 and 2010 the demand for international capacity in Australasia grew by 55%. This figure is expected to keep rising as the number of devices connecting to the internet increases.
Its like parking New Zealand off the west coast of America, removing the tyranny of distance, said Sir Stephen Tindall, Pacific Fibre co-founder. It will help foster future innovation and greater economic development for New Zealand.
In July this year Pacific Fibre secured a $75 million contract with New Zealands research and education network, REANNZ. To read Capacitys full coverage of this story click here.
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