Pacnet joins NZ Pacific Fibre consortium

Pacnet chief executive Bill Barney said the new cable would be essential to delivering international connectivity required by Australia and New Zealand

Asian telco, Pacnet, has joined the Pacific Fibre consortium which is aiming to build an undersea fibre telecommunications cable between Australia, New Zealand the Unites States.

When the project was first mooted in March this year, the Pacific Fibre group included a number of high-flying Kiwi businessmen such as the Warehouse founder Stephen Tindal, TradeMe founder Sam Morgan and Xero CEO Rod Drury, as well as former Vodafone marketing chief, Pacific Fibre's CEO, Mark Rushworth, and others.

Pacnet said it would join with the consortium in an equal partnership to build the cable, with each part to own and operate a new fibre pair in the cable -- while sharing responsibility for the cable supply contract as well as operations and maintenance costs.

Back in March, Rushworth estimated the cost of the cable at just under NZ$900 million (AU$736 million). But today the pair put the price of the cable at US$400 million (AU$447 million).

“It’s great to have Pacnet join us as equal partners,” said Rushworth in a statement. “This even further validates the need for a new cable to Australia and New Zealand, and will ensure the success of the Pacific Fibre system. Pacnet has done this before as the largest investor within Unity cable group, and we are already benefiting from working with them.

"We are also very happy to announce a further reduction in our estimated system build costs to around $US400m.”

Pacnet chief executive Bill Barney said the new cable would be essential to delivering international connectivity required by Australia and New Zealand as both countries built national broadband networks. “This investment is also an integral part of our overall strategy to expand our subsea cable infrastructure into the Australasia region, to complement our pan-Asian and Trans-Pacific network coverage and boost broadband connectivity into Asia," he said.

According to their joint statement, the pair will shortly begin the process of selecting a vendor to build the new cable, and will announce the award of the contract in the coming months -- with the new cable expected to be ready for service in 2013.

Each fibre pair is expected to provide 64 wavelengths - which will facilitate a total capacity of 5.12 terabits per second, as each wavelength will support 40 gigabits per second. Eventually, each wavelength may be able to support 100Gbps as technology evolves.

Join the Good Gear Guide newsletter!

Error: Please check your email address.

Tags pacnetPacific Fibre Consortiumfibre

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Renai LeMay

PC World
Show Comments

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?