Sunday, September 12, 2010

Long wait for Telecom on UFB decision has posted an article stating that Telecom investors can expect to wait longer for the governments decision on the Ultra Fast Broadband initiative.

While initially the government indicated discussions would conclude by October, Communications Minister Stephen Joyce has stated that a number of contracts will be signed by then, however it was never his expectation to have it all wrapped up by October.

An announcement was made last Thursday that the government would begin negotiations for 8 of the 33 cities in the scheme with fibre companies. Telecom was not one of the companies.

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