Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


New fibre-only ISP, MyRepublic, seeks to shake up NZ market

New fibre-only ISP, MyRepublic, seeks to shake up NZ market

By Paul McBeth

Jan. 22 (BusinessDesk) - MyRepublic, a Singapore-based internet service provider, plans to enter the New Zealand market in the middle of this year, targeting services provided over the government-sponsored ultrafast broadband fibre network.

The company’s local unit, headed by former Regional Fibre Group chief Vaughan Baker, is pitching itself as a fibre-only ISP and plans to deliver products and services specifically designed for the UFB network, it said in a statement. Just 14,248 customers have signed up to UFB services of the 322,479 able to connect as at Sept. 30, and MyRepublic is aiming to grab market share while it’s still unclaimed.

“From an industry perspective, legacy copper networks are much more profitable, which explains why incumbent providers aren’t encouraging customers to move to fibre,” Baker said. “It’s up to us to introduce greater competition, to offer attractive services at affordable prices and help fibre really take off.”

In a 2012 report on demand-side drivers for ultrafast broadband services, the Commerce Commission identified access to content, data cap charges and the cost of connecting as likely to influence uptake.

More recently, telecommunications network operator Chorus, which is building the bulk of the UFB, has argued that cuts to its regulated copper line service prices will undermine migration to fibre by making the older technology a cheaper alternative.

Baker said the uptake of fibre services has been slow relative to the roll-out of the network, following a similar pattern seen in Singapore.

Since the company entered the Singapore market, fibre pricing has dropped, and the company this year launched 1 gigabit per second services in the Asian city-state.

MyRepublic is expected to charge based on the speed of its services, rather than using data caps, which is the norm in the local market, and anticipates this will be attractive to content providers.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Oceans: NOAA Declares Third Ever Global Coral Bleaching Event

As record ocean temperatures cause widespread coral bleaching across Hawaii, NOAA scientists confirm the same stressful conditions are expanding to the Caribbean and may last into the new year, prompting the declaration of the third global coral bleaching event ever on record. More>>

Scoop Business: A Decade Of Government Pre-Seed Investment

More publicly-funded science is being commercialised after a decade of government ‘pre-see’d investment, according to an independent review. More>>


Solid Energy: Plan To Shut Unprofitable Huntly East Mine

Solid Energy, the state-owned coal miner in voluntary administration, plans to shut down its unprofitable Huntly East mine and lay off 65 staff after deciding the site stands "no chance whatsoever" of finding a buyer. More>>


E Tū: Merger Creates NZ's Biggest Private Sector Union

E tū has been created by the merger of the Engineering, Printing and Manufacturing Union and Service and Food Workers’ Union. It represents more than 50,000 working New Zealanders in industries as diverse as aviation, construction, journalism, food manufacturing, mining and cleaning. More>>


Internet: NZ Govt Lifts Target Speeds For Rural Broadband

The government has lifted its expectations on faster broadband speeds for rural New Zealand as it targets increased spending on research and development in the country's information and communications technology sector, which it sees as a key driver for export growth. More>>


Banks: Westpac Keeps Core Government Transactions Contract

The local arm of Westpac Banking Corp has kept its contract with the New Zealand government to provide core transactions, but will have to share peripheral services with its rivals. More>>


Science Investment Plan: Universities Welcome Statement

Universities New Zealand has welcomed the National Statement of Science Investment released by the Government today... this is a critical document as it sets out the Government’s ten-year strategic direction that will guide future investment in New Zealand’s science system. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news