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Telecom reacts to supplementary order paper

16 Feb 2011

Breaking: Vector prioritised for Auckland UFB negotiations

This morning the government released documents that detailed proposed legislative changes that are necessary to enable a range of government initiatives such as ultra-fast broadband and the rural broadband initiative.

Without really giving anything away, Telecom would only say that it remains in negotiations with Crown Fibre Holdings regarding commercial terms to deliver ultra-fast broadband.

“We have actively engaged in the Ministry of Economic Development’s consultation process and industry workshops. We will continue to participate actively, along with other industry players, in the select committee process,” said Paul Reynolds, Telecom CEO (pictured).

“While this is enabling legislation these legislative changes are predicated on Telecom reaching commercial agreement with Crown Fibre Holdings. Telecom remains focused on its ongoing intense commercial negotiations with Crown Fibre Holdings.”

“Telecom remains committed to finding a solution for Ultra-fast Broadband that meets the needs of its shareholders, the Government and New Zealand,” he said.

Comms Minister Steven Joyce made a point this morning of saying that no decision had yet been made on what role, "if any", Telecom will have in the UFB.