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Vodafone signs multi-million dollar deal with Pacific Fibre

VODAFONE SIGNS MULTI-MILLION DOLLAR DEAL: Vodafone New Zealand has agreed to supply international bandwidth to Pacific Fibre's cable system in a multi-million dollar agreement. This 10 year deal will bring competitors into a currently monopolised market and invoke some much needed advances to New Zealand's current system. Pacific Fibre's undersea cable will be connecting New Zealand to Australia then to the USA, hopefully launching in early 2014. CEO of Vodafone Russell Stanners says:
By partnering with an innovative, entrepreneurial business such as Pacific Fibre, we're helping to break down the digital divide between New Zealand and the rest of the world.....This deal will allow us to scale our customer offers over the next 10 years delivering the quality and quantity of capacity that our customers need now and into the future.....This will help us to support New Zealanders' online ambitions by making sure they can confidently connect to the world and the world can confidently connect to New Zealand.
Finally, some much needed progress. I am quite excited to see, in actuality, what this will bring to New Zealand. - posted by Ciaran