The Telecommunications (TSO, Broadband, and Other Matters) Amendment Bill, that will enact the changes required for the Ultra Fast Broadband initiative, passed its second reading in Parliament yesterday.
The second reading was passed with 66 votes in favour and 55 votes against. According to parliament staff, parties voted in the following way:
National – 58 in favour
Labour – 42 against
Act – 3 in favour (Rodney Hide, John Boscowen, Hilary Calvert), 2 against (Roger Douglas and Heather Roy)
Greens – 9 against
Maori Party – 4 in favour
Progressive Party – 1 against
United Future – 1 in favour
Chris Carter – 1 against
The vote took place yesterday afternoon, with Telecom shares rising 4.63 percent to finish the day at $2.37.
The Bill will now progress to committee stage, which is due to take place in Parliament on Thursday. The third and, final reading, is expected next week.