ISP MyRepublic is announcing a New Zealand wide enterprise grade 1Gbps symmetrical UFB service at mass market pricing for small and medium-sized businesses, starting at $499.99 for fibre broadband with unlimited data.
"Businesses were prioritised in the UFB rollout, yet they"re under-represented," says MyRepublic managing director Vaughan Baker. "Big business has had 1Gbps connections for a long time, but from today SMEs can take advantage of those same connection speeds."
"Driving ultra-high speed broadband to mass-market prices is critical in increasing SME competitiveness in New Zealand so they can punch above their weight both locally and abroad. Today's announcement will ultimately drive corresponding increases in GDP, jobs, capital and investment across New Zealand – at a time when global digital infrastructure is improving at a breath-taking rate regionally."
APAC is surging ahead with ultra-high speed broadband, with Singapore, Hong Kong, South Korea, Japan and Taiwan ranked by ITU (International Telecommunication Union) as being in the Top 5 globally for average peak connection speed. "New Zealand needs to be more ambitious, to get itself into the top 10 and achieve a credible global ranking."
"As at June 2015, fibre connections made up 5 percent of all broadband connections (up from 2 percent in 2014), and the market share of fibre connections is increasing. Compared with other countries in the OECD (Organisation for Economic Co-operation and Development), New Zealand"s fibre connections were still below the average value of 17 percent." (Statistics NZ, 2015)
The data also shows that today 33% of the subscriptions have no data cap and average consumption is 45GB per household connection. The company claims to sign up 300 to 400 new fibre broadband subscribers on a daily basis.
According to the press pack distributed MyRepublic is planning to launch Australian operations in March 2016 with Malaysia following as well.