Powering up an ultrafast broadband world

(Image: Getty)

Tue, 05 Mar 2024

One of the more interesting surprises for the casual observer in the latest earnings season was the encroaching heft of the power companies in the broadband space. Contact Energy has been dabbling there for a few years now and Mercury NZ swept up Trustpower’s bundle of electricity, gas and telco services, both of which largely remain rounding errors in the mammoth gentailers’ accounts. For Contact, 93,000 telco customers were up 15,000 from the prior year and delivered it $39 million in the six months ended Dec 31, while M...

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