14 Jun 2013

Iwi broadband scheme needs backers

8:36 am on 14 June 2013

Plans to extend a Maori-run high-speed broadband cable hinge on attracting new investors.

Iwi-owned Tai Tokerau Networks is looking for new backers to help fund the second leg of a fibre-optic link.

The network currently runs from Auckland to Whangarei, and the next stage is due to be rolled out to Waitiki Landing, near Cape Reinga in the Far North.

Te Rarawa is one of three iwi behind the business.

Chair Haami Piripi says new investors are needed to expand the service.

He says the underlying objective is connectivity, rather than profitability, but they can't afford to make a loss either.