Telecom bosses criticise govt's ultra-fast broadband plan

Thursday 1 July 2010 | 03:44 CET | News
At the Telecommunications and ICT Summit held in Auckland recently, chief executives of the three largest telecommunications companies criticised the government's Ultra-Fast Broadband Initiative. The CEOs said that the industry is delaying capital investment as companies are waiting for the government's plans to be finalised, the New Zealand Herald writes. Telecom New Zealand CEO Paul Reynolds said that replicating the 25,000km of fibre Telecom has already in the ground makes no sense whatsoever. "And that's not just Telecom self interest, it would be bonkers." Reynolds said. Vodafone chief

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Categories: Fixed
Companies: Spark New Zealand / TelstraClear / Vodafone
Countries: New Zealand
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