Vodafone, iiNet back more cable competition in NZ after Pacific Fibre collapse

Wed, 01 Aug 2012

By Paul McBeth Aug 01 (BusinessDesk) - Vodafone New Zealand and iiNet back more competition among international cable networks, though neither is prepared to bear the brunt of Pacific Fibre abandoning its plans after struggling to attract funding. Pacific Fibre shelved plans to build another international cable linking New Zealand's internet infrastructure with the rest of the world after failing to raise the $400 million it needed to fund the project, it said in a statement. That was in spite of it attracting US$200 million in committed s...

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