Crown Fibre Holdings has announced that has selected Vector for prioritised negotiations in the Auckland area regarding the Ultra-Fast Broadband initiative.
“Crown Fibre Holdings has elected to negotiate with Vector. Its offer meets many of the Crown’s key criteria in areas such as access prices, funding, industry experience and financial backing,” says CFH Chairman Simon Allen in a statement.
Vector joins four other parties with whom Crown Fibre Holdings has elected to hold prioritised negotiations. They are: Telecom, covering 25 candidate areas; Enable Networks, covering Christchurch and Rangiora; Flute Joint Venture represented by Aurora Energy Limited, covering Dunedin; and Alpine Energy Ltd, covering Timaru.
Allen says that in the Auckland candidate area, "It is great to have two parties, Telecom and Vector, actively seeking to become the Crown’s partner for this Candidate Area.”
The partner selection process will continue, with negotiations with the other shortlisted parties ongoing. “All shortlisted parties remain important contenders for future negotiations of binding agreements,” Allen says.