Optikor stories

Kordia bows out as NZ's Southern Cross slashes wholesale prices and boosts capacity amid a flood of updates in the submarine cable race.

Kordia has announced a half year net profit after tax of $1 million, a marked improvement on the same period last year in which it posted a $4.

Kordia’s plans for New Zealand’s second international cable face a four-month delay due to the imminent sale of its Australian partner PIPE Networks.

Kordia to construct new trans-Tasman OptiKor cable after securing foundation customers, promising direct, cost-effective connectivity.

Named Optikor, the cable is planned to land in Waiuku, north of<br />Auckland and is expected to cost around $200 million.