NZ handed major network operator as Vocus and FX networks combine
"It became clear the benefits in moving to a single brand in New Zealand sooner rather than later outweigh any possible downsides."
"It became clear the benefits in moving to a single brand in New Zealand sooner rather than later outweigh any possible downsides."
Vocus will emerge as the third largest network operator in NZ and leader in trans-Tasman telecommunications and data centres, says CEO James Spenceley.
Vocus Communications (ASX: VOC) is reported to be buying New Zealand based fibre optic cabling company FX Networks for $94 million (NZ$100 million), according to media reports.
Research and Education Advanced Network New Zealand (REANNZ), the Crown-owned entity that maintains and manages a high-performance network for NZ's research and innovation communities, has gone live with a 100Gbps line.
FX Networks (FXN) has completed the first part of its roll-out of new technology for its national network. The Auckland to Hamilton link went live earlier this month.
The two businesses combined have resulted in a major data network operator in New Zealand, and here's what you need to know...