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Networks to transition into Ultrafast Fibre

Contributor:
Fuseworks Media
Fuseworks Media

The shareholders of Hamilton Fibre Network (HFN) and Velocity Networks have agreed to transition their interests into Ultrafast Fibre Ltd (UFL), the WEL Network's owned organisation responsible for building an ultrafast broadband network under the government's digital strategy.

WEL, HFN and Velocity, along with Waipa Networks formed a joint consortium to bid for a contract to build the optic fibre infrastructure to supply ultra-fast broadband to over 163,000 premises in the Waikato, Bay of Plenty and Taranaki regions.

Kevin Adamson, HFN Chairman, says the deal will help realise HFN's original vision of creating a high-speed network for the benefit of the Hamilton community and combining interests at this stage will significantly advance Hamilton's position by amalgamating assets and existing customers with the wider digital infrastructure presently being rolled out in the City by UFL."

Four years ago, we established a successful company to realise a digital future for our city," he said. "It was a combined effort using crown funding and existing infrastructure, to create a 50 km fibre network throughout the Hamilton central business district. We are pleased that HFN has contributed in this way to enhancing Hamilton's digital future, transforming the way we do business and changing the way we live, work and play."

John O'Donoghue, Managing Director of Velocity Networks says, "It's pleasing to see this transition for Velocity having grown strongly from a startup as Hamilton's only open access fibre network operator into today's mature operation. Under UFL ownership we will ensure continuity for our customers. We intend to carry on business as usual as we integrate our operation with UFL's larger network project."

WEL Networks, through its subsidiary Ultrafast Fibre Limited, commenced the deployment of ultra fast fibre in Hamilton in July 2011 and is using the HFN infrastructure to assist with speeding the deployment and to minimise civil works (trenching and drilling) within the city.

The central city Hamilton Fibre Network (HFN) is currently jointly owned by the University of Waikato, Wintec, Hamilton City Council, Waikato Regional Council and private partner Velocity Group Holdings Ltd.

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