The Government says it will set up a Crown-owned company to drive its $1.5 billion investment in ultra fast broadband.
Communications and Information Technology Minister Steven Joyce said under the proposal, the company (Crown Fibre Investment Co) would invest alongside private sector co-investors in regional fibre companies.
These regional fibre companies would deploy and provide access to fibre optic network infrastructure in the 25 towns and cities covered by the initiative.
Mr Joyce said once finalised, the investment model would deliver on the Government's commitment of ultra fast broadband to 75 percent of New Zealanders where they live, work and study over the next 10 years.
