Sharechat Logo

New fibre-only ISP, MyRepublic, seeks to shake up NZ market

Wednesday 22nd January 2014

Text too small?

MyRepublic, a Singapore-based internet service provider, plans to enter the New Zealand market in the middle of this year, targeting services provided over the government-sponsored ultrafast broadband fibre network.

The company's local unit, headed by former Regional Fibre Group chief Vaughan Baker, is pitching itself as a fibre-only ISP and plans to deliver products and services specifically designed for the UFB network, it said in a statement. Just 14,248 customers have signed up to UFB services of the 322,479 able to connect as at Sept. 30, and MyRepublic is aiming to grab market share while it's still unclaimed.

"From an industry perspective, legacy copper networks are much more profitable, which explains why incumbent providers aren't encouraging customers to move to fibre," Baker said. "It's up to us to introduce greater competition, to offer attractive services at affordable prices and help fibre really take off."

In a 2012 report on demand-side drivers for ultrafast broadband services, the Commerce Commission identified access to content, data cap charges and the cost of connecting as likely to influence uptake.

More recently, telecommunications network operator Chorus, which is building the bulk of the UFB, has argued that cuts to its regulated copper line service prices will undermine migration to fibre by making the older technology a cheaper alternative.

Baker said the uptake of fibre services has been slow relative to the roll-out of the network, following a similar pattern seen in Singapore.

Since the company entered the Singapore market, fibre pricing has dropped, and the company this year launched 1 gigabit per second services in the Asian city-state.

MyRepublic is expected to charge based on the speed of its services, rather than using data caps, which is the norm in the local market, and anticipates this will be attractive to content providers.

 

BusinessDesk.co.nz

Bond Offer: Infratil Ltd, 7.2 year & 10.2 year unsecured unsubordinated bond


  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

NZ dollar sags after avalanche of data and central bank action
Fonterra board starts planning chair succession
Fulton Hogan keeps Australian civil construction unit
Time for congestion pricing has come - NZIER
Colliers defends KiwiBuild as 'far from a colossal failure'
Pushpay shares rise as cost-cutting upgrades earnings guidance
20th September 2019 Morning Report
NZ dollar weaker against British pound on EC president's Brexit optimism
Todd plans Kapuni drilling campaign
MARKET CLOSE: NZ shares gain; appetite for KFC helps Restaurant Brands hit record

IRG See IRG research reports