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Yan welcomes second cable funding

Contributor:
Fuseworks Media
Fuseworks Media

Wellington Mayoral candidate Jack Yan has welcome news that central government is offering to contribute $15 million towards a second New Zealand-Australia-United States internet cable, citing the benefits for the city's, and country's, economy.

Mr Yan said if Wellington's IT sector is to grow a second internet cable is imperative to that.

"Not only would it increase our bandwidth capacity, it would also create competition to drive internet prices lower."

Mr Yan said he was disappointed the Wellington City Council and its leaders weren't more vocal proponents for a second cable in the last few years.

"We've got companies like FNZ operating here in Wellington, whose software manages over $75 billion globally. You probably haven't heard of them, they're a quiet success story, but I know from conversations with their CEO Adrian Durham that the lack of a second cable is holding their Wellington office back."

Mr Yan said if he was elected, he would commit to working with the city's IT sector and other leaders around New Zealand to try and make a second cable a reality.

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