“..Entrepreneurs announce $900m fast broadband plan..”
“..New Zealand internet entrepreneurs Sam Morgan and Rod Drury have joined up with retailing entrepreneur Stephen Tindall to announce plans for a NZ$900 million optic fibre cable linking New Zealand, Australia and United States by 2013.
They said the 13,000km link would be five times bigger than the existing Southern Cross cable ..
.. and could unleash billions of dollars of economic potential .. by connecting New Zealand businesses to global markets by the internet.
They said they aimed to provide unlimited high speed broadband for Australasian consumers that challenged existing cables, including the current single Southern Cross system controlled by Telecom New Zealand.
Such a new cable across the Tasman and the Pacific would cost upwards of NZ$900 million.
Other founders include former Vodafone Chief Marketing Officer Mark Rushworth, tech industry veteran John Humphrey and tech entrepreneur and consultant Lance Wiggs.
Pacific Fibre is in talks with cornerstone investors and customers..”
go to source/story>>Entrepreneurs announce $900m fast broadband plan - Business - NZ Herald News