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.
To contact our public relations office, please email firstname.lastname@example.org
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 – 15 May 2015 – Indonesian Satellite Service Provider, BigNet, has signed a US$78 million, long-term agreement with Kacific Broadband Satellites for the provision of a high-speed broadband service from 2017. Kacific will beam signals from its high throughput (HTS) Ka-band satellites to cover the whole of Indonesia, with a particular emphasis on providing good quality, affordable Internet to rapidly developing areas in Eastern Indonesia.
Kacific will play a key role in enabling connectivity in secondary cities and villages, whether for schools, government buildings, enterprises and community Internet access points. Thanks to Kacific, BigNet customers will be able to enjoy affordable high speed internet by installing a small (75cm to 1.2m diameter) inexpensive VSAT terminal, even in isolated islands and remote rural locations.
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.