Telecom: 'Fast broadband for all in four years'
10:12AM Friday October 26, 2007
Telecom is undertaking to have fast broadband to every town in the country within four years, based on what the company calls a world-class next generation network.
New chief executive Paul Reynolds said today that during the next five years, Telecom anticipated total expenditure on its next generation network and fast broadband would be about $1.4 billion.
Telecom's undertaking comes on the day the public gets to see the company's draft separation plan, showing how Telecom proposes to split into wholesale, retail and network divisions as required by the Government.
Dr Reynolds said operational separation had given Telecom the opportunity to re-plan its broadband strategy and accelerate the upgrade of the existing network in ways that would support New Zealanders' aspirations for the digital age.
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