Infrastructure company Vector is making its bid for a share of the government’s promised $1.5 billion fibre-to-the-home broadband investment – provided the terms of the investment are favourable. Yesterday the company reported its half-year results for the period ended December 2008. CEO Simon Mackenzie said Vector was well positioned and financially strong enough to take advantage of opportunities that arise. One of those is clearly the government’s broadband push, which he described as a “key focus'. He said: “We have already had discussions with the Government outlining how Vector can deliver a cost effective, quality fibre broadband service in a short timeframe. “We believe the Government must stay on track with its bold vision to deliver a first world, high speed broadband service to New Zealanders.” Vector is well placed to deliver broadband infrastructure and coordinate with other network investors, he said, provided the arrangements meet the company’s investment criteria. Vector has been investing in a fibre network in Auckland and Wellington for some years through its Vector Communications subsidiary, which styles itself as an open access network operator. It is expected an open access approach, under which access to the network is sold at wholesale prices, will be a key requirement for the new infrastructure to encourage retail competition. If Vector were to win a significant portion of the government’s broadband business, that could be good news for Ericsson, the company’s technology partner in its current network rollout. Mackenzie reported net profit after tax from continuing operations of $90.8 million, compared to $77.4 million in the prior year.
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