I would love to know where you found that nugget out from,
I am trying to remember myself - was under the impression it was considered general knowledge. I think i read it on one of those telecommunication history of nz websites - but a quick google search isnt showing me anything.
Will have another look tomorrow.
Looks like it was ~5 years, depending on what you count as the start...
October: Bank debt that financed the construction of the network was repaid.
I still find it somewhat hard to believe that the returns from the cable paid for itself in such a short period of time. I would assume all investors would have chucked in a fair chunk of change to get it started and they may have topped up the bank loan with other profits as large loans like these are never helpful on the balance sheet.
I would have thought it was more like a 10-15 year investment sounds right to me. Plus you need to take into the account the operational support and upgrades they have and are still doing to increase capacity.
There was a great webcast I found a while ago which seemed to indicate it had only just been paid off. But as usual I can't find it now.
To me its the lack of usage in NZ that is the biggest killer. Even with VodaClear promising $91mil or whatever it was as their cornerstone user they couldn't make it fly to me speaks volumes about the sort of capacity requirements needed to justify the new cable. Home users are what drives demand and NZ's population is too small and we have far too many poor people due to our low wage economy. Change all those and it may be a good idea. Otherwise we should take on KL and IN and become the worlds call center. Since at least some of us a good grasp of English..... Nek Minnit....
Forget everything about the data needs for New Zealanders; this is about sending data out of the country, on the back of it we get free data coming into the country; read the article. This is due to our high amount of renewable energy which very few countries in this world can claim; and will be a killer for this industry in many places in the future. It is a great plan that even the government should get behind; but now that Kim Dotcom has his name on it they will not touch.