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

 

Telecom wins box seat for chunk of UFB

Telecom wins box seat for chunk of UFB; Enabled Networks and Flute JV flagged for South Island

By Jason Krupp

Dec. 13 (BusinessDesk) - Crown Fibre Holdings has earmarked Telecom Corp., Enabled Networks and Flute Joint Venture as prioritised bidders for the remaining $1.15 billion rollout of government's ultrafast broadband initiative.

Telecom is the frontrunner for 25 regions, including the all-important Auckland market after earlier missing out on the first round of prioritised bids. The country’s biggest phone company offered a number of variations in its bid to tap the government funds, and will expect some regulatory relief as part of any successful deal. If Telecom eventually wins the tender, which is still to be finalised, it will have to win shareholder approval to carve out the Chorus network unit into a separate entity

Enabled Networks will likely cover Christchurch and Rangiora, while Flute JV represented by Aurora Energy Ltd. will cover Dunedin. Northland and Central North Island areas were already awarded to Ultrafast Fibre Ltd. and Northpower Ltd. last week. Alpine Energy Ltd. has also been selected as a prioritised bidder for Timaru, however government is still waiting for a binding offer from the company.

"These three parties have provided attractive proposals to Crown Fibre Holdings, including a combination of access prices in line with those announced last week, the ability to complete the UFB build within the Government’s allocated budget, as well as having industry experience and financial strength,” CFH chairman Simon Allen said in a statement.

CFH said negotiations with the three prioritised bidders will start today, but left the door open for discussions with bidders previously shortlisted. These include Central Fibre Consortium, City Link Ltd., Electra Ltd., Electricity Ashburton, Flute JV for Queenstown and Invercargill, Network Tasman Ltd., Network Waitaki Ltd., Vector Ltd., and Westpower Ltd.

It added that it was also open to the parties partnering in their candidate areas if it delivered greater infrastructure utilisation.

(BusinessDesk)

© 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 seek.co.nz. 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>>