Telecom New Zealand slashes price of fiber optic broadband

In a move clearly meant to stay competitive, Telecom New Zealand announced plans to slash the cost of its fiber optic broadband service in areas where it did not win contracts to roll out fiber under the country's Ultrafast Broadband (UFB) initiative. Prices will drop to match those of competing providers who are installing broadband under contract. That means, for example, a 100 Mbps business connection will wholesale for NZD 380 (USD 320.65) per month, down from NZD 600 (USD 506.30) per month. Telecom is applying the pricing drop in cities like Christchurch and Hamilton as well as some smaller communities that are not covered by the UFB rollout.