New Zealand Unveils National Broadband Plan

The New Zealand communications ministry has unveiled details of its NZD 1.5 billion ($1.06567 US) broadband investment initiative. The initiative aims to roll out ultra-fast broadband to 75 percent of New Zealanders over ten years, concentrating in the first six years on priority broadband users such as businesses, schools and health services, plus greenfield developments and certain tranches of residential areas. Next month, the government will establish a Crown-owned investment company, Crown Fibre Holdings, to carry out a partner selection process and manage the investment in fibre networks