Stuff takes 100% ownership of Stuff Fibre

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freitasm

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#236238 24-May-2018 19:40

Received today:

Stuff Limited (Stuff) confirmed today it has bought 100% of internet service provider, Stuff Fibre (NZ Fibre Communications Limited).

Stuff Fibre, an unlimited data, fibre-only internet service provider (ISP) start up was launched jointly with Giant Management Limited in 2016, with GML shareholder Sam Morse as CEO.

Awarded Best Fibre Broadband Provider at the Broadband Compare awards in November last year, Stuff Fibre has become one of New Zealand’s fastest-growing ISPs since it launched 18 months ago to help connect Kiwis to the new ultra-fast broadband network being rolled out around the country.

Stuff Fibre provides a simple offer of fibre connections for residential customers, along with a no fixed term contract and local customer service. Most recently, Stuff Fibre added to its customer offering when it ventured into pay-per-view movie streaming service, Stuff Pix, giving Stuff Fibre customers the ability to choose one movie a month, on us, from its huge selection of new release blockbuster and Kiwi movies.

Sinead Boucher, Stuff CEO says: “We are very pleased to be able to bring Stuff Fibre fully into the Stuff fold and look forward to continuing to build a great internet service for New Zealanders.”

Ms Boucher said she also wanted to thank the Stuff Fibre management and wider operational team for their dedication and hard work in building the business from a start up 18 months ago to a successful ISP service.

“Having been in the industry for many years we saw the need to design a product from the ground up”, said Sam Morse, Stuff Fibre CEO. “I’m immensely proud of what the team has achieved - an award-winning provider reaching the highest net promoter score in the industry. To achieve such excellence, everything from our technology, customer experience, marketing and commercial operations delivered on our promise to provide Kiwis with a better, simpler internet and premium content experience”.

Stuff Fibre is available in every region across New Zealand where fibre is available, as per the government roll out plan, starting at $49 a month. With over one million New Zealanders having access to fibre now, and a third of those looking to get connected the focus of Stuff Fibre is on how to strategically tap into those looking to switch providers or upgrade.

The purchase brings forward Stuff’s existing options to acquire their shares in the business and reflects the confidence Stuff has in the future of this brand and its value to New Zealanders.

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#2022079 24-May-2018 20:04

Breaking news from Stuff. Stuff Fibre is now owned by Stuff Fibre. This announcement was brought to you by @sbiddle 's favourite news source, Stuff.

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#2022081 24-May-2018 20:18

Ownership of what exactly? They don't actually own anything!

As a Devoli shareholder through Punakaiki I'm very happy though that Stuff fibre is their network.

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#2022269 25-May-2018 09:50

Now that Fairfax Media has rebranded to Stuff and Stuff have taken over Stuff Fibre, I wonder if they will offer discounts to people who subscribe to both a newspaper subscription and stuff fibre internet services. Vodafone offer $10 monthly off internet with an on account mobile plan. Hopefully Stuff can do even better.

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#2022294 25-May-2018 10:08

Does this mean that when net neutrality disappears I'll be able to pay to get Stuff's drivel 10% faster than the drivel from all the other "news" sites?

sbiddle

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#2022329 25-May-2018 10:56

geek4me:

Now that Fairfax Media has rebranded to Stuff and Stuff have taken over Stuff Fibre, I wonder if they will offer discounts to people who subscribe to both a newspaper subscription and stuff fibre internet services. Vodafone offer $10 monthly off internet with an on account mobile plan. Hopefully Stuff can do even better.

How would they fund that? $10 would be more than they would make on many plans.

Vodafone can cross subsidise it with your on account mobile, but subsidising $10 per month off a newspaper subscription is probably a huge ask.

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#2022447 25-May-2018 13:25

sbiddle:

geek4me:

Now that Fairfax Media has rebranded to Stuff and Stuff have taken over Stuff Fibre, I wonder if they will offer discounts to people who subscribe to both a newspaper subscription and stuff fibre internet services. Vodafone offer $10 monthly off internet with an on account mobile plan. Hopefully Stuff can do even better.

How would they fund that? $10 would be more than they would make on many plans.

Vodafone can cross subsidise it with your on account mobile, but subsidising $10 per month off a newspaper subscription is probably a huge ask.

For a full year's subscription to the paper and Stuff Fibre internet. My last Dominion Post annual subscription in February was $582.40 Stuff fibre (after 3 months) $89.50 p/m. They should be able to offer $10 p/m off that to encourage signing up for both. Vodafone offers $10 off and I pay less than $89.50 p/m before the $10 discount for Vodafone internet and less than $582.40 p/a or $48.53 p/m for my on account Vodafone mobile plan.

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#2022576 25-May-2018 18:12

Punakaiki is awesome! Great place

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ockel

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#2022599 25-May-2018 19:06

geek4me:

sbiddle:

geek4me:

Now that Fairfax Media has rebranded to Stuff and Stuff have taken over Stuff Fibre, I wonder if they will offer discounts to people who subscribe to both a newspaper subscription and stuff fibre internet services. Vodafone offer $10 monthly off internet with an on account mobile plan. Hopefully Stuff can do even better.

How would they fund that? $10 would be more than they would make on many plans.

Vodafone can cross subsidise it with your on account mobile, but subsidising $10 per month off a newspaper subscription is probably a huge ask.

For a full year's subscription to the paper and Stuff Fibre internet. My last Dominion Post annual subscription in February was $582.40 Stuff fibre (after 3 months) $89.50 p/m. They should be able to offer $10 p/m off that to encourage signing up for both. Vodafone offers $10 off and I pay less than $89.50 p/m before the $10 discount for Vodafone internet and less than $582.40 p/a or $48.53 p/m for my on account Vodafone mobile plan.

Silly question but why dont you subscribe to the digital edition of the Dom? Looks exactly the same as the print edition just viewed on a tablet or PC. Its half the price of the print subscription.

http://fairfaxmedia.newspaperdirect.com/epaper/viewer.aspx

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#2022672 25-May-2018 23:03

All the papers are free if you use the PressReader app and can connect to your library Wi-Fi. :)

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#2022789 26-May-2018 09:39

Thanks for the digital options. I understand the average age of newspaper hardcopy subscribers is now over 65. If this is true then one does not have to be a rocket scientist to work out that in a decade or so there will be few of these newspaper readers left. That's why Stuff need to do something to help retain readers. $600 p/a is a cut off point for me with the price rising each year (and the paper getting smaller - tabloid - perhaps by weight as well) the Stuff Fibre / Stuff Newspaper group could take a lesson from Sky and offer better deals but if they wait too long it may be too late. Stuff taking 100% ownership of Stuff Fibre could be a positive thing.

Meanwhile I'll check out the digital editions which I knew existed but had forgotten about.

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ockel

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#2023031 26-May-2018 14:48

geek4me:

Thanks for the digital options. I understand the average age of newspaper hardcopy subscribers is now over 65. If this is true then one does not have to be a rocket scientist to work out that in a decade or so there will be few of these newspaper readers left. That's why Stuff need to do something to help retain readers. $600 p/a is a cut off point for me with the price rising each year (and the paper getting smaller - tabloid - perhaps by weight as well) the Stuff Fibre / Stuff Newspaper group could take a lesson from Sky and offer better deals but if they wait too long it may be too late. Stuff taking 100% ownership of Stuff Fibre could be a positive thing.

Meanwhile I'll check out the digital editions which I knew existed but had forgotten about.

My digital subscription to the NZH hasnt changed in 7 years. It may be that covering distribution costs (which used to be ~50% of total costs in the newspaper heyday) has to be covered by a smaller and smaller base - so the non-distribution cost may not have materially changed. Its poorly promoted by the publishers. Something about cannibalising a subscriber base by offering a cheaper distribution model - familiar story, no? That one has been going on for 10 years and newspapers still persist with the old model (while giving away valuable content for free). Somehow the man in the street expects these businesses to switch across to a new model overnight but ignore economic reality.

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