Home Business Telecommunications Palisade takes stake in Hawaiki cable
Palisade takes stake in Hawaiki cable Pixabay

Infrastructure manager Palisade Investment Partners has taken a significant ownership interest in the Hawaiki Submarine Cable Limited Partnership, with the signing of a binding agreement to become equity partners on Thursday.

A joint statement from the two companies said the Hawaiki cable had been commissioned on 20 July and was the quickest and biggest link between the US, Australia and New Zealand, with more than 43Tbps of capacity.

It is meant to help handle the increasing volume of data downloaded by Australians, who have been doubling their data consumption by 50% over the last five years.

Hawaiki, which is carrier neutral, will enhance connectivity in Australia, New Zealand, the Pacific Islands and the US. Its network design includes several branching units to expand to additional Pacific Island countries.

Palisade managing director and chief executive Roger Lloyd said: “We are delighted to partner with Hawaiki and its shareholders on this transaction. It is a key part of Palisade’s strategy to seek exposure to the data infrastructure sector, which we believe offers substantial opportunities as our dependency on data and global connectivity continually increases.”

“This transaction has been structured to support Hawaiki’s growth and deliver an attractive risk/return profile for our investors, and provides substantial diversification benefits relative to the existing assets in our investors’ portfolios.”

Hawaiki chief executive Remi Galasso said: “Our partnership with Palisade marks a cornerstone of our development plan to provide greater connectivity and diversity to the Pacific region on a carrier-neutral basis.

"The Hawaiki cable, which started commercial service in July, is a critical piece of infrastructure supporting sharply rising demand for data, and we are pleased to work with Palisade to further expand Hawaiki’s network and assets.”


Our Mesh WiFi system MW3 is the first in Australia market with price below AUD$200 for a set of three.

· Best valued product
· Strong signal covering up to 300m2 for MW3 and 500m2 for MW6
· Aesthetically pleasing and light weigh (blend into any room deco)
· Wireline backhauls supported
· Product units are pre-paired and easy to setup
· Not requiring phone number or email address to set up
· Wall penetration (better than other similar brands)
· Seamless WiFi roaming
· User friendly app with controls to setup a guest network, parental controls for disabling groups of devices you allocate to individuals, QoS and more



Australia is a cyber espionage hot spot.

As we automate, script and move to the cloud, more and more businesses are reliant on infrastructure that has the high potential to be exposed to risk.

It only takes one awry email to expose an accounts’ payable process, and for cyber attackers to cost a business thousands of dollars.

In the free white paper ‘6 Steps to Improve your Business Cyber Security’ you’ll learn some simple steps you should be taking to prevent devastating and malicious cyber attacks from destroying your business.

Cyber security can no longer be ignored, in this white paper you’ll learn:

· How does business security get breached?
· What can it cost to get it wrong?
· 6 actionable tips


Sam Varghese

website statistics

Sam Varghese has been writing for iTWire since 2006, a year after the sitecame into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.


Popular News




Sponsored News