Telecom New Zealand is planning For ultrafast national fibre broadband network

Telecom New Zealand is planning to propose participation in the government’s plans to develop an ultrafast national fibre broadband network. The government is to invest more than $1 billion in the network, which will be divided into 33 regions.

The state-owned Crown Fibre Holdings will go through the proposals from potential partners, which are required to submit bids by January 29. The state issued a formal invitation in 2009 to select partners for the network.