22 Oct 2009

Govt begins broadband partners selection process

6:48 am on 22 October 2009

Communications and Information Technology Minister Steven Joyce has begun the process of selecting partners for the Government's ultra-fast broadband investment.

The Government last month confirmed it will set up a new Crown-owned investment company to invest up to $1.5 billion in joint ventures to develop a regionally-based fibre optic network.

Mr Joyce has issued the terms and conditions of the Government's investment and the Government's preferred model for co-investing with partners.

Interested parties have until mid-November to notify their intentions to participate in the selection process, and until late January to lodge a proposal.