Dunedin now ideally placed to become NZ’s leading digital innovation hub, says Chorus CEO Mark Ratcliffe at awards ceremony in Wellington.
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Vector’s bid to partner with the government in the Ultra Fast Broadband network has failed, but the company may still have a role to play – working with Chorus in its roll out.
A breakup of Telecom could be announced in the next three months, sources say, with shareholders likely to be offered stock in spun-out infrastructure unit Chorus.
The scheme would represent a big climbdown for Telecom and its chief executive, Paul Reynolds, after fighting to find a way to take part in the Government's $1.5 billion fibre optic infrastructure plan without splitting.
Telecom NZ has named its newly separated access network business “Chorus”.
Chorus is headed by Mark Ratcliffe, former chief operating officer technology and enterprises of Telecom. It will be formally launched on 31 March.