Ultra-Fast Broadband Investment Initiative
Overview of the initiative
The government will be investing up to $1.5 billion in open-access, dark-fibre infrastructure to accelerate the roll-out of ultra-fast broadband to 75 percent of New Zealanders over ten years.
Ultra-fast broadband (UFB) is defined as a fibre-to-the-premise broadband service providing downlink speeds of at least 100 Mbps and uplink speeds of at least 50 Mbps.
In September 2009, the Government released [link to Beehive website] its final proposal for the UFB Initiative. The government’s investment is expected to be at least matched by private sector funding by way of a co-investment model.
By 29 January 2010, Crown Fibre Holdings had received 33 proposals from 18 respondents.
On 1 July 2010, Communications and Information Technology Minister Steven Joyce announced amendments to the model for the UFB Initiative.
On 5 July 2010, Crown Fibre Holdings released a Participant Notice which makes certain amendments to the Invitation to Participate, reflecting recent changes to the UFB model agreed by Cabinet.
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Invitation to Participate
The Government's process for selecting private sector co-investment partners in the ultra-fast broadband initiative. The process is being managed by Crown Fibre Holdings Limited.
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Crown Fibre Holdings
Incorporated on Thursday 29 October 2009, Crown Fibre Holdings will manage the government's investment in ultra-fast broadband infrastructure.
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