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

 


Wider reaching UFB definitely a good thing

Wider reaching UFB definitely a good thing

InternetNZ is pleased to see the Government is investing further in the roll-out of the Ultra Fast Broadband network, now making plans for it to be rolled out to 80 per cent of the country, rather than the earlier planned 75 per cent.

Chief Executive Jordan Carter said he thinks it's great the Government is investing in future-proofed technology, and even better that the money is coming out of the Future Investment Fund.

"Obviously we want high-quality, high-speed Internet to all of New Zealand so anything that increases the amount of people with access to UFB is a good thing.

"We would expect that this money wouldn't just go straight to Chorus, we are looking forward to going through the details on how the money will be allocated, but a contestable fund seems sensible to us."

"Combined with the announcement from Minister Adams of an increased amount to the Rural Broadband Initiative and the comprehensive ICT policies from most political parties, it's becoming clear that our MPs are starting to understand the importance of the Internet in making a better New Zealand from a better Internet," said Mr Carter.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Wood Producers: Crisis In New Zealand Log Supply

New Zealand wood processing leaders held a hui with senior government officials and political leaders in Whangarei yesterday to assess the acute log supply shortage to local mills in Northland. More>>

Consents And Taxes: Trustpower 'Very Disappointed' With Judgement

Trustpower is "very disappointed" with a Supreme Court ruling dismissing its bid to claim tax deductions on $17.7 million of project costs in a case closely watched by large-scale infrastructure developers. More>>

ALSO:

Fruitful Endeavours: Kiwifruit Exports Reach Record Levels

In June 2016, kiwifruit exports rose $105 million (47 percent) from June 2015 to reach $331 million, Statistics New Zealand said today. Overall, goods exports rose $109 million (2.6 percent) in June 2016 (to $4.3 billion). More>>

ALSO:

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news