REANNZ International Connectivity Assured
Pacific Fibre announced today that it has not been able to reach its commitments, and that their Board will be winding down the company.
There are several options that REANNZ is considering that will meet our community’s aspirations and needs for international connectivity.
“I want to assure our membership and stakeholders, that the REANNZ Network will continue to connect New Zealand’s bright, talented people to the world. We are considering alternate options that will ensure our network connectivity continues to serve the needs of our community. We are disappointed that Pacific Fibre has been unable to achieve their commitments – the competition they were bringing to New Zealand was going to change the nature and scale of New Zealand’s connectivity to the world” says Steve Cotter.
“A 13,000km cable is clearly an audacious thing to try and do. We were fortunate to find supportive shareholders, fantastic staff and early customer support from the likes of REANNZ and Vodafone” said Pacific Fibre chairman Sam Morgan.
REANNZ has been proud to support and be involved with the venture from the outset and was fully aware of the risks and hurdles that Pacific Fibre faced. Pacific Fibre has kept REANNZ informed with the developments and progress they have been making.
For more information, please contact Steve Cotter, REANNZ CEO.