Ultrafast Fibre to Launch Fastest Residential Fibre Plan

Ultrafast Fibre to Launch New Zealand’s Fastest Residential Fibre Plan

Ultrafast Fibre will launch a residential, 1 gigabit per second (Gbps) wholesale fibre broadband service across its entire network, offering the country’s fastest residential fibre plan to date. This will be made available in July 2014.

The company’s premier residential product, UltraMax, will deliver a download speed of up to 1 gigabit per second.

Ultrafast Fibre CEO Maxine Elliott said the new download speed will provide a dramatic increase in comparison to what most residential broadband users currently receive. “To put it in perspective, our new 1 gigabit service offers up to 10 times the speed of our fastest current residential service of 100 megabits per second. To mark the milestone, we are renaming our Central North Island urban network ‘The Giganet’,” Ms Elliott said.

The new 1 gigabit service will be offered to broadband retailers from July 2014 and will be available in all eight centres where Ultrafast Fibre is constructing its network: Hamilton, Tauranga, Te Awamutu, Cambridge, Tokoroa, New Plymouth, Wanganui and Hawera.

The wholesale price for the 1 gigabit service is $65 per month; however, individual retailers will set the final prices for consumers. Ultrafast Fibre will offer the 1 gigabit service plan and its wholesale monthly price until 2020.

“Residential users are asking the industry for fast products and this is Ultrafast Fibre’s response,” Ms Elliott said. “For broadband users who are still in the mindset that ‘copper is good enough for now’, we believe this new product will convince them of the huge benefits ultra fast fibre provides. It stands to make a huge difference for residential broadband users.”

Ultrafast Fibre is also working towards launching two other new wholesale services in July 2014 called Ultra 100, with a 100 megabit per second download speed and 20 megabit per second upload speed (wholesale price of $45 per month) and Ultra 200 with a 200 megabit per second download speed and 20 megabit per second upload speed (wholesale price of $55 per month).

“As one of the most advanced areas in the rollout of ultra fast fibre, we are delighted to lead the way by offering our retailing partners in the Central North Island these groundbreaking configurations of download speed at affordable costs,” Ms Elliott said. “We are confident they will be game-changers for consumers who are into multi-use gaming, major data transfer and high-definition video, with multi-stream use now a reality.”

About Ultrafast Fibre

Ultrafast Fibre is a Local Fibre Company (LFC) owned by Crown Fibre Holdings, WEL Networks and Waipa Networks. It is building 13.7 per cent of New Zealand’s total UFB coverage in Hamilton, Cambridge, Te Awamutu, Tauranga, Tokoroa, New Plymouth, Hawera and Wanganui. Ultrafast Fibre does not sell services directly to members of the public or businesses, but works together with the retail sector (i.e. broadband internet providers) to supply Ultra Fast Broadband (UFB) services on its network.

For more information, visit www.ultrafastfibre.co.nz

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