Telecom reiterates CFH talks as order paper released

We're focused on intense commercial negotiations, Reynolds says

Telecom has responded to Telecommunications Minister Steven Joyce’s release of a supplementary order paper today.

The paper outlines proposed amendments to the Telecommunications Act, including provisions for the structural separation of Telecom, which has been anticipated for some time, but isn't addressed in the Telecommunications (TSO, Broadband and Other Matters) Amendment Bill.

Telecom’s response notes: “Telecom remains in negotiations with Crown Fibre Holdings regarding commercial terms to deliver Ultra-fast Broadband.

“We have actively engaged in the Ministry of Economic Development’s consultation process and industry workshops. We will continue to participate actively, along with other industry players, in the select committee process,” said Paul Reynolds, Telecom CEO.

“While this is enabling legislation these legislative changes are predicated on Telecom reaching commercial agreement with Crown Fibre Holdings.

“Telecom remains focused on its ongoing intense commercial negotiations with Crown Fibre Holdings.”

“Telecom remains committed to finding a solution for Ultra-fast Broadband that meets the needs of its shareholders, the Government and New Zealand,” he said.

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Tags telecomPaul ReynoldsMED

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