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

 


Chorus lifts broadband connections 1.1% in first quarter

Chorus lifts broadband connections 1.1% in first quarter

April 16 (BusinessDesk) – Chorus, the network operator spun out of Telecom in 2011, increased its broadband connections by 1.1 percent in the first quarter while its fixed-line connections edged up 0.2 percent.

Broadband connections rose to 1.144 million at March 31, from 1.132 million at Dec. 31, the Wellington-based company said in a statement. The biggest gain was in enhanced unbundled bitstream access connections which increased by 20,000 to 767,000 over the quarter.

The company’s fixed-line connections edged up to 1.779 million from 1.776 million. The biggest gain was in fibre connections, which rose by 8,000 to 35,000. Chorus said some of the increase included trial lines not previously billed.

Chorus is investing about $3 billion, including up to $929 million of government financing, to deliver fibre optic broadband infrastructure directly to more than 800,000 schools, businesses, medical facilities and homes.

The company is extending its ultrafast broadband network, with fibre now passing about 228,000 premises, bring 297,000 end users within reach, it said. Some 66,500 rural lines were within reach of better broadband at the end of the quarter as part of its rural broadband rollout, it said.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

What Winter? Temperature Records Set For June 20-22

The days around the winter soltice produced a number of notably warm tempertaures. More>>

Conservation Deal: New Kākāpō Recovery Partnership Welcomed

Conservation Minister Maggie Barry says the new kakapo recovery partnership between DOC and Meridian Energy is great news for efforts to save one of New Zealand’s most beloved birds. More>>

ALSO:

Tech Sector Report: Joyce Warns Asian Tech Investors View NZ As Hobbits And Food

Speaking in Wellington at the launch of a report showcasing the value of the technology sector to the New Zealand economy, Joyce said more had to be done to tell the country's technology stories overseas. More>>

ALSO:

Mediaglommeration: APN Gets OIO Approval For Demerger Plan

APN News & Media has received Overseas Investment Office approval for its plan to split out its NZME unit ahead of a potential merger with rival Fairfax Media's New Zealand operations. More>>

New Paper: Ninety-Day Trial Period Has No Impact On Firms' Hiring

The introduction of a 90-day trial period has had no impact on hiring by New Zealand companies although they are now in widespread use, according to researchers at Motu Economic and Public Policy Research. More>>

ALSO:

Corrections: Serco Exits Equity Stake, Remains As Operator

Serco has sold its equity stake in the company that holds the contract to design, build and run Wiri Prison in South Auckland but continues as sub-contractor to operate the facility. More>>

GDP: NZ Economy Grows Faster-Than-Forecast 0.7%

New Zealand's economy grew at a faster pace than expected in the first quarter of 2016 as construction expanded at the quickest rate in two years. The kiwi dollar jumped after the data was released. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news