TPG to buy capacity on Hawaiki submarine system
Australia-based TPG Telecom has announced its intention to buy fibre capacity on the Australia-US segment of the Hawaiki submarine cable system.
As reported, 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, TPG will acquire fibre capacity from Sydney to the USA, as well as on the Hawaiki trans-Tasman segment from Sydney to Whangarei in Northland, New Zealand.
Rémi Galasso, chief executive officer of Hawaiki Cable, said: 'We are honoured to work with TPG. Its leading position in the Australian telecom market makes the group a key partner for our new cable system.'
David Teoh, executive chairman of TPG, added: 'With the continued growth in the TPG Group’s consumer broadband, corporate and wholesale businesses, international connectivity is an important component of TPG’s widespread telecommunications infrastructure.
'Hawaiki has a team with considerable experience in fibre cable systems and this project represents an excellent opportunity to give us a new high quality international link direct to the US, complementing existing international links, which include TPG’s own Sydney-to-Guam undersea cable system.'
