Hawaiki Cable support grows
Hawaiki Cable has signed another big-name partner for its proposed US$350 million (NZ$410m) communications cable linking New Zealand, Australia and the United States.
Equinix, which is valued at US$10 billion on the US Nasdaq stock exchange, said it would provide the landing site for Hawaiki's cable in Sydney.
It said the cable would terminate at its 18,000 square metre SY3 data centre in the suburb of Alexandria, on which it has reportedly spent more than US$100m.
The centre would provide a cheap way for Australian customers to connect to Hawaiki's cable, Equinix said.
Auckland-registered Hawaiki, which was founded by French-born former Alcatel-Lucent executive Remi Galasso, now resident in Queenstown, expects to get the final go-ahead for the cable from its financier, an Australasian bank, in the next few weeks.
New Zealand Crown-owned company Reannz, which operates a research network linking tertiary institutions and Crown research institutes, is in the final stages of negotiating a contract with Hawaiki that would provide the cable operator with $15m of upfront government funding.
Reannz chief executive Steve Cotter said it would have demand for additional international bandwidth by 2016, when Hawaiki's cable is due to be in service.
Cotter said he could not comment on the progress of its negotiations with Hawaiki.
"I hope to be able to say something real soon."