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


First UFB signings welcomed

First UFB signings welcomed Media Release – 7 December 2010

InternetNZ Chief Executive Vikram Kumar welcomes today’s announcement by Minister of Communication Steven Joyce that the first two partners have signed deals with Crown Fibre Holdings to create local fibre companies and roll out Ultra Fast Broadband.

The two areas chosen are a range of Central North Island towns and cities, and Whangarei.

“I am delighted with today’s announcement,” Vikram Kumar says.

“InternetNZ commissioned research in 2008 exploring the options for delivering National’s ultra-fast broadband policy. That study showed that the economics of electricity line company investment in fibre stack up.”

“We are pleased that CFH has been able to bear that analysis out with the deals announced today.

“Ultra-fast broadband is a game changer and seeing fibre rollout beginning in 2010 is welcome, especially given the delays that have cropped up in the process to date.

“The initial pricing information set out today is excellent. The services will be affordable and really will drive uptake of fibre services, which is essential to making the UFB investment work, and to realising the economic gains the network can offer.

“The decision to impose no connection fee for households adds to the compelling nature of the offer, and avoids what could have been a real barrier to families taking advantage of fibre services.

“Other things that influence uptake – non-price issues like data caps and maintaining a level playing field for online content providers – will also be a focus for us.

“Partnerships like this are highly complex and involve huge tradeoffs in the allocation of risk. We are pleased that contracts have managed to be concluded notwithstanding this – showing that the risk allocation has been satisfactory to both partners.

“InternetNZ will now be analysing the open access undertakings that apply to the deals, to see whether they are able to provide a robust guarantee of fair play for ISPs and other users of fibre.

“Of course, InternetNZ will continue to argue for a sound regulatory framework, and against the idea that a regulatory holiday is acceptable in the fibre world.

“That however does not detract from the significance of today’s announcements. Congratulations again to Steven Joyce and to the team at Crown Fibre for bringing the first set of negotiations to a conclusion,” Vikram Kumar says.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Government: Delivering Lower Card Fees To Business

Commerce and Consumer Affairs Minister David Clark has today announced the Government’s next steps to reduce merchant service fees, that banks charge businesses when customers use a credit or debit card to pay, which is estimated to save New Zealand businesses ... More>>

SEEK NZ Employment Report: April 2021

OVERVIEW OF APRIL 2021: STATE OF THE NATION: April, for the second consecutive month, saw the highest number of jobs ever advertised on Applications per job ad fell 9% month-on-month (m/m). SEEK job ads were up by 12% m/m. SEEK job ads were ... More>>

Commerce Commission: Warns Genesis Over Business Billing Errors

The Commerce Commission has issued a warning to Genesis Energy Limited about billing errors concerning electricity line charges to business customers. Genesis reported the errors to the Commission. The Commission considers that Genesis is likely to ... More>>

Stats: Lower Job Security Linked To Lower Life Satisfaction

People who feel their employment is insecure are more likely than other employed people to rate their overall life satisfaction poorly, Stats NZ said today. New survey data from the March 2021 quarter shows that 26 percent of employed people who thought ... More>>

The Conversation: The Outlook For Coral Reefs Remains Grim Unless We Cut Emissions Fast — New Research

A study of 183 coral reefs worldwide quantified the impacts of ocean warming and acidification on reef growth rates. Even under the lowest emissions scenarios, the future of reefs is not bright. More>>

The Conversation: Why Now Would Be A Good Time For The Reserve Bank Of New Zealand To Publish Stress Test Results For Individual Banks

Set against the backdrop of an economy healing from 2020’s annus horribilis , this week’s Financial Stability Report (FSR) from the Reserve Bank (RBNZ) was cautiously reassuring: the country’s financial system is sound, though vulnerabilities remain. More>>