Ultrafast Fibre was established in 2010 after WEL Networks won a Government tender to partner with Crown Fibre Holdings to deploy UFB services. In 2016 WEL became the majority shareholder of UFF when, together with strategic partner Waipa Networks, it bought out the Government’s shares.
WEL Networks has an 85% shareholding and Waipa Networks has a 15% shareholding.
Ultrafast Fibre owns and operates the fibre network in the urban areas of Hamilton, Tauranga, Whanganui, New Plymouth, Tokoroa, Hawera, Cambridge and Te Awamutu, providing access to UFB for more than 190,000 premises across the North Island. A successful bid will see them extend the ultra-fast broadband (UFB) network to a further 12 central North Island towns.
Approximately $60 million will be invested to fulfil the UFB2 contract bringing the total investment in fibre infrastructure to almost $450 million by 2018.
Learn more about Ultrafast Fibre.