Chorus signs UFB build contracts; Govt to change security laws

Tue, 16 Apr 2013

By Paul McBeth April 17 (BusinessDesk) - Chorus, the telecommunications network operator spun out of Telecom, has signed contracts with Visionstream and Downer worth some $1 billion for those firms to build the nation's ultrafast broadband network, and is still in talks with Transfield Services. The Wellington-based company inked two contracts each worth some $500 million over the next six years and include extra amounts for Downer and Visionstream to deliver part of the rural broadband initiative, Chorus said in a statement. The contracts a...

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