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$445m Hawaiki internet cable sold to Singapore's BW Group

$445m Hawaiki internet cable sold to Singapore's BW Group
stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.

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Here's why Facebook and Google are building submarine cables

Facebook and Google plan to build two new submarine cables connecting Asia to North America. ....

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13 hot tech companies sold offshore: Did NZ benefit?

13 hot tech companies sold offshore: Did NZ benefit?
13 minutes to read
This month has seen two substantial technology companies sold offshore, with Auckland-based retail software firm Vend going to NYSE-listed Lightspeed for $450 million, and Christchurch geologic 3D modelling outfit Seequent acquired
by Nasdaq-listed Bentley Systems for $1.45b.
Backers were quick to claim that jobs would stay in New Zealand (Vend and Seequent employ some 400 locally between them) and that investors like Movac and Punakaiki Fund (Vend) and Pencarrow (Seequent) would recycle money back into the local tech ecosystem.
A look back at 13 past high-profile tech sales (from a field of many more) reveals that sometimes that happens … and sometimes it doesn t. ....

New York , United States , New Zealand , New Zealand General , United Kingdom , Southern Cross , West Auckland , South Auckland , Selwyn Pellett , Ian Mccrae , Al Monro , Stephen Tindall , Chris Wilson , Pencarrow Seequent , Malcolm Dick , Greg Cross , Jason Oxenham , Peter Maire , Fady Mishriki , Peter Beck , Mark Callander , Jason Oxenham Callplus , Rod Drury , Annette Presley , John Holdsworth , Richard Robinson ,

Stewart Island running on diesel not a good look, mayor says

Island residents pay about 175 to 200 per cent of mainland electricity prices, the mayor said.
Given Stewart Island is mostly a National Park, a Dark Skies Sanctuary and was aiming to be predator free, running on diesel was not a good look, Tong said.
As well as land access issues, it materialised that there was not enough wind on the island, Tong said.
“The final nail was the wind readings.”
The project was in a pre-development design and feasibility study stage.
Putting three turbines, or possibly four, at the airport had been considered, but the structures would have been in the emergency flight path, Tong said. ....

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Tiwai fallout: What the deal means for power prices, politicians and investors?

Tiwai fallout: What the deal means for power prices, politicians and investors?
18 Jan, 2021 04:27 AM
6 minutes to read
A new electricity deal means the Tiwai Point aluminium smelter will continue to operate until at least 2024. Photo / Otago Daily Times
A new electricity deal means the Tiwai Point aluminium smelter will continue to operate until at least 2024. Photo / Otago Daily Times
Few single issues impact the New Zealand economy like the future of the Tiwai Point aluminium smelter.
When Rio Tinto announced it was conducting a strategic review of the smelter in late 2019, billions were
wiped off the value of the NZX, more than 1000 people feared for the jobs and Treasury warned that investment in renewable energy could be put off for years. ....

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