its almost official now. the backers of nz communications are about to run out of money. there investors are running around town trying to raise money for a further cash injection. but given there past performance who would wants to put money in? i saw the same senior exec as my previous post and his face says it all. hes about to have a breakdown. they are DESPERATE!!!! apparently a big reason for there delays is they havent had enough funds to pay councils for RMA consents and the reason there colocations havent worked is because they cant afford to pay for them.....

and one other that i dont quite believe.....

apparently another problem is they were trying to be cheap and had all of there building drawings done in INDIA!!!!???? seems the indian building code and RMA is different to NZ and this has caused more delays with most having to be redone again here. if true i rekon that management must be sacked. double the work double the cost double the delays..... like i said im not 100% about that one but if its true then no wonder they cant build a network!!!!!