WELLINGTON - largest telecoms from the New Zealand Telecom Corp. has won a contract Tuesday to build the most greater part of the network to ultrafast broadband of the New Zealand Government 3.0 billion ($2.4 billion), said the officials.
Under the agreement, Telecom would be split its retail and weapons of network in separate companies to ensure small telecommunications players could compete, said the Minister of Communications Stephen Joyce.
The long-awaited announcement, the Government said delivered on a campaign promise of 2008, sent Telecom shares soared 6.6% of NZ$ 2.43 in trade at the beginning.
Joyce said contract deal completed awards for broadband network and its construction will begin immediately, 75 per cent of New Zealand in 2019.
"Ultra fast broadband is a key element of the Government." s economic growth plan, "he said." "" Band broadband speeds of 100 Mbit/S and more will revolutionize the fashion of that operation of many businesses. ?
Telecom said that his contract represents approximately 70% of total coverage of the planned network.
He said that arm of network existing company, Chorus, would become a company listed separately at the end of 2011, focusing on the strengthening of the network and provide broadband wholesale to other companies who sell their services directly to the public.
Telecom would continue as a company focused on the retail trade, sale fixed, mobile and broadband services to the public, the company said.
The Government also announced Tuesday that it had awarded allow networks, which is owned by Christchurch City Council, the contract for the supply of broadband services for the second largest city of the New Zealand.
Northpower, Ltd. and the WEL network have already been given contracts in other regions of the country.
A spokesman for Joyce said that total project budget is NZ$ 3 billion, with the cost divided evenly between the Government and telecommunications companies.
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