Responding to today’s announcement about the UFB initiative, Vector Chief Executive Simon Mackenzie said Vector put forward a proposal that made commercial sense for the company given the Crown’s published criteria.
“Our offer was for open access fibre to the home and also sought regulatory certainty given the continual and widespread uncertainty of regulation in New Zealand.
“We note that the arrangement struck with Telecom differs from that set out in the Invitation To Participate (ITP) and is subject to shareholder approval and legislative change.
