[2] Marine route surveys began after permitting studies for California and Australia were completed in March 2012.
[1] On August 1, Pacific Fibre announced they were unable to secure sufficient investment and the planned cable was discontinued.
[4] "We've spent millions of shareholder funds trying to get this done and despite getting some good investor support we have not been able to find the level of investment required in New Zealand initially and more broadly offshore," said Pacific Fibre chairman Sam Morgan.
In November 2012, German entrepreneur Kim Dotcom announced his intention to revive the Pacific Fibre broadband cable project.
The plan to lay a 12,950 km cable between Auckland, Sydney and Los Angeles was abandoned in August when its backers couldn't raise the NZ$400 million they needed.