- Release Date: 18/12/14 10:19
- Summary: GENERAL: SPK: TGA Cable Construction Confirmed
- Price Sensitive: No
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SPK 18/12/2014 10:19 GENERAL PRICE SENSITIVE REL: 1019 HRS Spark New Zealand Limited GENERAL: SPK: TGA Cable Construction Confirmed MARKET RELEASE 18 December 2014 TGA CABLE CONSTRUCTION CONFIRMED Spark New Zealand announced today that the three telecommunications companies planning to build a new submarine cable between New Zealand and Australia have confirmed their investment and a commencement of the project in early 2015. Spark New Zealand, Vodafone and Telstra will invest approximately USD $70 million on the new Tasman Global Access (TGA) Cable, which will significantly improve New Zealand's international broadband connectivity and resilience. Spark New Zealand is contributing around USD $32 million. Further details of the partnership are outlined in a joint media release from Spark New Zealand and Vodafone. A copy of this release is attached. - ENDS - For media queries, please contact: Richard Llewellyn Head of Corporate Communications +64 (0) 27 523 2362 For investor relations queries, please contact: Mark Laing General Manager Corporate Finance +64 (0) 27 227 5890 End CA:00259084 For:SPK Type:GENERAL Time:2014-12-18 10:19:45
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