Signed: REANNZ and Pacific Fibre capacity agreement now confirmed
REANNZ and Pacific Fibre sign foundation customer agreement, based on previously announced terms.
REANNZ and Pacific Fibre announced today that they have signed a $91 million definitive agreement for the supply of international capacity on the new Pacific Fibre cable system. The agreement was approved by the REANNZ board and by shareholding Ministers Hon Bill English and Hon Dr Wayne Mapp.
Donald Clark, outgoing REANNZ CEO, said “We are very happy to have completed the negotiations, marking substantial and rapid progress from the Key Commercial Terms announced in May. The contract sets REANNZ and KAREN up for lasting success, and is a critical part of delivering long-term unconstrained high performance networking for the research, education and innovation communities in New Zealand.”
REANNZ, which was founded by the Crown in 2005, has 129 memberorganisations with connections at 186 sites across New Zealand. The international capacity agreement will secure their ability to fully participate as part of a global network of over 100 research and education networks.
Mark Rushworth, CEO of Pacific Fibre confirmed the importance of the REANNZ commitment to the Pacific Fibre project. “Announcing the REANNZ Key Terms in May gave important momentum to our engagement with our vendors, finance partners and other foundation customers. While today’s news marks another important step, we have also made considerable progress across the board. We want to thank REANNZ and all concerned for conducting a very smooth, fair and rapid tender and negotiation process. It showed how a well-run Government procurement process can support businesses such as ours, and we are offering considerable value to the KAREN community as a result.”
For more information please contact:
Donald Clark
REANNZ CEO donald.clark@reannz.co.nz
+64 4 913 1093
Mark Rushworth
Pacific Fibre CEO mark.rushworth@pacificfibre.net
+64 21 244 0777, +64 9 215 3308
About REANNZ
REANNZ (Research and Education Advanced Network New Zealand Ltd) is the Crown-owned company that owns and operates the high-speed, unrestricted broadband network for the New Zealand education, research and innovation communities – KAREN (Kiwi Advanced Research and Education Network).
REANNZ acts as an expert purchaser of networks and services. As a not-for-profit membership organisation, we work on behalf of our community for the good of our community, aggregating demand to procure the best and most cost effective networks and services from the market to meet their specialist needs. REANNZ currently connects 129 members at 186 member sites.
About Pacific Fibre
Pacific Fibre was founded in 2010 and is intending to construct one of the longest and most technically advanced undersea cable systems. The Pacific Fibre cable will connect Australia and New Zealand to the United States, using leading and proven industry technology to achieve the fastest and most efficient route. Pacific Fibre’s base case cable will, upon installation, deliver 5.12 Tbt/s of design capacity and, like all modern cable systems, should be capable of significant future increases in design capacity. Pacific Fibre is headquartered in Auckland, New Zealand. The Pacific Fibre shareholders include a number of successful entrepreneurs with proven track records, including Sam Morgan, Rod Drury, Sir Stephen Tindall, David Kirk MBE, and early Facebook investor Peter Thiel.
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