Aussie investment firm Palisade buys into Hawaiki
Australian infrastructure investment firm, Palisade Investment Partners, will take a "significant" ownership interest in the Hawaiki cable.
Australian infrastructure investment firm, Palisade Investment Partners, will take a "significant" ownership interest in the Hawaiki cable.
The US$300 million, 15,000km Hawaiki submarine cable linking Australia, New Zealand, the Pacific and United States has gone into commercial service after a 27 month construction by TE SubCom.
Hawaiki Submarine Cable and its main supplier, TE SubCom, say they have completed the survey of the cable’s 14,000km route and the project remains on schedule for completion in mid-2018.
Construction of the 14,000 kilometre Hawaiki submarine cable that will link New Zealand to Australia, Hawaii and mainland United States has started with a ground breaking ceremony at Bream Trail Farm, Mangawhai Heads, Northland attended by NZ prime minister John Key and communications minister Amy Adams.
The Australian government is being urged to fund the extension to Norfolk Island of the $US300m Hawaiki Cable that will link Australia, New Zealand and Hawaii to the US.
Hawaiki Cable, the Kiwi company planning to build a 14,000 km cable system between New Zealand, Australia, Hawaii and the US west coast, has signed up another customer.
New Zealand ISP Orcon has confirmed its intention to acquire 40GBps of interntional bandwidth capacity on the New Zealand/Australia-US segments of Hawaiki Cable’s submarine cable system.