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In June 2016, Spark New Zealand Limited (formerly Telecom NZ), subscribed for new capital in the company resulting in Spark holding a 30% stake in FeeniX Communications. The remainder of the shares are held by FeeniX Communications Holdings Limited owned by the founders.
We have invested significantly in our own infrastructure to build a comprehensive national and international network leveraging fibre plant and facilities from existing market providers. We have built a very serious, carrier grade network, featuring route diversity, carrier diversity and node redundancy.
We have and will continue to invest in the development and implementation of automated processes and tools to support the efficient utilization of the network asset. Our underlying philosophy is "If anything needs to be done more than once, automate it".
Our objective is to ensure that the Network Services we provide to our customers will enable them to develop strong recurring income streams for their businesses with minimum effort, cost of sale and operating expense.
The orchestration tools we have developed and continue to develop add significant value to our offerings in New Zealand, and interestingly, are emerging to become a probable business line in their own right - nationally and internationally.