Wednesday, February 22, 2012

NZ government grants ultrafast broadband contracts to two electricity companies.(SERVICES)

The New Zealand government announced that the initial two deals for launching ultrafast Internet service in urban regions have been granted to electricity firms. Communications minister Steven Joyce said that an affiliate of WEL Networks Ltd. and Northpower Ltd. would be launching very high speed broadband services in the cities of Tauranga, Hamilton, Whangarei, Wanganui, and Plymouth. Initial construction was planned to commence before Christmas and is likely to be completed before 2015.

These deals account for 16 percent of the total countrywide broadband project and are valued at $153 million. The government has already reiterated its commitment to expand high-speed Internet offerings to 75 percent of the nation by 2019. The list of other preferred firms to launch the high-speed Internet services in the remaining 25 areas will soon be declared.

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