TPG Telecom, a Australia-based competitive telco, has reached a deal to acquire AAPT from Telecom New Zealand for US$419 million, reports ZDNet Australia.
Telecom New Zealand has introduced its "Ultra VDSL" service as a "stepping stone" to a fiber to the premises solution via the Ultra-Fast Broadband initiative.
Chorus, the wholesale operation that was spun out of Telecom New Zealand in 2011, has laid out its next two-year buildout phase of its portion of the government's Ultra Fast Broadband initiative.
Telstra, Vodafone and Telecom New Zealand have put forward a tender for their proposed Tasman Global Access submarine cable linking New Zealand and Australia.
Telecom New Zealand's network infrastructure partner, Chorus, is keeping its wholesale options open during its ongoing rollout of fiber to the premises service by offering a VDSL solution to providers as an interim step.
Telecom New Zealand is purchasing privately-held data center provider Revera for NZD 96.5 million (USD 82.5 million) as a way to deepen its foothold in the cloud and data center service segments.
Telecom New Zealand said on Thursday it will begin offering Ultra-Fast Broadband services directly to consumers, businesses and schools in the country.
Telecom New Zealand, Vodafone and Telstra on Monday signed a non-binding memorandum of understanding to jointly invest in building a submarine cable between Auckland and Sydney that they claim will expand New Zealand's international connectivity and strengthen its links into Asian markets.
Telecom New Zealand on Friday said it will start offering fiber-based broadband services over the government's Ultrafast Broadband (UFB) network to its consumer and business customer base in March.
ComCom, New Zealand's telecom regulator, on Tuesday approved Vodafone New Zealand's NZD 840 million (USD 668.7 million) acquisition of TelstraClear, Telstra's New Zealand unit.