New Analyst Searches Corporate Calendar Upcoming Dividends Upcoming Floats Stock Screener Featured Stock ASX300 News Digest Our Research Methodology
Company News Summary
Telecom Corporation of New Zealand Announces Rural Telecommunications Plans Finalised
16 Mar 2010 | 08:47:00 | Associate analysts | Increase | Decrease | 
Original announcement: Rural telecommunications plans finalised
Telecom Corporation of New Zealand announced the government has finalised its plans for rural telecommunications with Cabinet signing off on proposals for the roll out of high speed broadband in rural areas and the reform of the Telecommunications Service Obligations (TSO). A big part of the plan will be connecting fibre directly to rural schools. The rural broadband initiative is expected to cost around $300m, and it is being funded by a $48m direct government grant, plus $252m from a new Telecommunications Development Levy being set up as part of the accompanying TSO reforms, which were also confirmed by cabinet.
See more ASX300 News Announcements