Kacific has an exciting story to tell. Our project will bridge the digital divide in some of the most isolated places in the world. It will truly make the world a smaller place, giving direct broadband access to entire countries deprived of suitable connectivity and allowing them to make a quantum leap into the digital world.
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Additional US$2.3 million will be raised from Australian tech investors
SINGAPORE 5 April 2016 — Kacific Broadband Satellites has agreed terms on funding of US$20 million from a United Kingdom-based family office with a particular focus on infrastructure investments. Arranged by Kacific’s advisor, Caniwi Capital, the placement is part of Kacific’s Series A round of capital raising, and is a major step for the company towards the financial close of its project, which will bring high speed broadband satellite services to remote and isolated areas of the Pacific and South East Asia.
The family office, which does not wish to be identified, made the decision to invest after following Kacific’s accelerating progress in signing agreements for satellite broadband provision.
Terms for a further US$2.3 million have been agreed with two Australian private investors with experience in financial markets and in developing and commercialising new IT and telecommunications technologies.
Kacific now has agreements representing over US$260 million of pre-sales contracts for its high-throughput satellite (HTS) broadband internet service with governments, ISPs and telecom operators of eleven Asia-Pacific countries, including Indonesia. It aims to provide service to markets in South East Asia, New Zealand and the Pacific with its first satellite.
Kacific founder and CEO, Christian Patouraux, said: “We are delighted with this vote of confidence from seasoned professional investors and IT and telecommunications veterans who have reviewed our business model and noted our recent accomplishments. These investments will, we believe, encourage further take-up of our service in our target markets.”
Singapore – 5 December 2014 – Teletok, the local telecommunications company of Tokelau and sole service provider, has selected Kacific to deliver its new generation of high-speed broadband across its territory and surrounding waters.
Tokelau, composed of three small atolls situated north of Samoa, is a Polynesian territory of New Zealand with a population of just 1,400. There is no airport in Tokelau, and a chartered vessel MV PB Matua, operated under an arrangement between New Zealand and Tokelau, is the only means of transport to and from the islands at present: the trip from Apia in Samoa takes over a day. Despite its small size and remoteness, Tokelau is committed to thriving in a digital world. Although connectivity is expensive, the country has seen a pattern of moderate internet usage in recent years and a rate of internet penetration comparable to other, more populous Pacific countries.
Singapore – 20 October 2014 – People on all of the 33 islands and atolls of Kiribati will be able to enjoy high speed broadband services from 2017, thanks to an agreement their government signed today with Kacific Broadband Satellites. Under the multi-million dollar five year services agreement, Kacific will provide the islands with 150 Mbps of bandwidth increasing to 200 Mbps over the term of the contract. Kiribati will be able to increase bandwidth in bursts of up to 50 percent on demand.
With a population of 100,000 people across 3.5 million square kilometres of islands and ocean, Kiribati is the 18th largest nation in the world in terms of its exclusive economic zone, with one of the most disseminated populations on the planet. That poses particular connectivity challenges: to date, only 6 percent of households have broadband and service is slow and expensive and it has not been economical to provide service to many of the remote islands.