October 2013 – iiNet Limited (ASX: IIN) has issued a Letter of Intent to submarine cable group Hawaiki Cable Limited, under which iiNet confirms its intention to acquire fibre capacity on the Australia-US segment of the Hawaiki submarine cable system.
The 14,000 km cable system will link Australia, New Zealand and Hawaii to the US west coast and is scheduled for completion in late 2015.
Under the multi-million dollar deal, iiNet will acquire fibre capacity from Sydney to the US which will initially provide up to 3Tbps capacity using the latest 100Gbps wavelength technology.
iiNet will also acquire capacity on the Hawaiki trans-Tasman segment from Sydney to Whangarei in Northland, New Zealand.
Rémi Galasso, Chief Executive Officer of Hawaiki Cable Limited said, “We are very proud to work with iiNet. Their strategy to develop their own super-fast broadband network is really remarkable and fits very well with our ambition to build a carrier-neutral submarine cable system.”
“This deal demonstrates that our network design is the right answer to market requirements and that our commercial approach satisfies the decision-makers.”
Michael Malone, Chief Executive Officer of iiNet said, “As a leading carrier, the quality of iiNet’s network infrastructure is paramount for us to maintain the level of service that our customers have come to expect. Spectrum ownership on submarine cables presents a unique and innovative opportunity for us to bring even more diversity to our international network, reduce average our ongoing costs per gigabyte and enhance our customers’ experience.”
The partners expect to finalise definitive agreements within the next few weeks.
For more information on Hawaiki, please visit www.hawaikicable.co.nz or contact:
Ludovic Hutier – Chief Executive Officer
Email – ludovic.hutier@hawaikicable.co.nz
For more information on iiNet, please visit www.iinet.net.au or contact:
Michael Malone
Chief Executive Officer
Email – mmalone@iinet.net.au
About iiNet
iiNet is Australia’s second largest DSL Internet Service Provider and the leading challenger in the
telecommunications market. Publicly listed and a member of the ASX 200, iiNet is valued at
approximately $1 billion. We employ more than 2000 inquisitive staff across three countries – 80 per
cent of whom are employed to directly service our 900,000 customers. We maintain our own superfast
broadband
network
and
support
over
1.7
million
broadband,
telephony
and
Internet
Protocol
TV
(IPTV)
services
nationwide.
We’re committed to making it simple for all Australians to connect across both our own network and
on the NBN. Our vision is to lead the market with products that harness the potential of the Internet
and then differentiate with award-winning customer service.
A lot has changed since our CEO founded iiNet in a suburban garage back in 1993 and the broadband
landscape continues to evolve. What hasn’t changed is our passion for the transformative benefits of
the Internet and our commitment to helping Australians connect better.
About Hawaiki Cable
Hawaiki Cable is a New Zealand registered bandwidth supplier in the Pacific submarine cable market,
and the owner and developer of the Hawaiki submarine cable system. The Hawaiki cable is a
repeatered submarine cable system with a design capacity of 20 Tbps linking Whangarei, Sydney,
Hawaii and the US West coast.
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