New Zealand's infrastructure investor Infratil said on Monday it will acquire an 80 per cent interest in interconnection platform Console Connect from Hong-Kong based telecommunications firm HKT Trust and HKT Ltd for $160 million.
"It enables us to invest in building a next-generation platform to support underlying growth in the demand for digital infrastructure and global connectivity solutions by enterprise and wholesale users," said Infratil CEO, Jason Boyes. Funds from the investment will be diverted to accelerate Console Connect's sales and marketing, new sub-sea cable and network expansions as well as the platform's research and development requirements, it added.
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