SPK spark new zealand limited

Ann: GENERAL: SPK: TGA Cable Construction Confirmed

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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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