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| Thread ID: 78930 | 2007-05-02 22:49:00 | Telecom announces huge profit, but coy on broadband investment | Chris Keall (10417) | Press F1 |
| Post ID | Timestamp | Content | User | ||
| 546453 | 2007-05-03 08:46:00 | No, but they had an ideological desire to flog it off. Like Max Bradford, they were convinced that the "market" would provide the goods. It is the same deal with other things they have sold off, where becasue the NZ market is so small and spread out, it isn't economical for private companies to reinvest back into the infrastructure, at the amount required. Same thing happened with the NZ rail, with Tranz Rail not reinvesting in the rail network. Same thing is happening with the electricty, where us tax payers are now expected to pay extra to pay for an upgrade the electricity network, despite us paying through the nose for power and lines charges. |
rogerp (6864) | ||
| 546454 | 2007-05-03 14:36:00 | I think the Labour government sold it for about a billion dollars, which back in the late 80's was a huge amount of money. They certainly didn't have their arm twisted to sell it. The market has changed significantly since then. One of the things is that when Telecom was sold virtualy every exchange had already been upgraded and since then Telecom have spent very little money to keep it going and in my case if it hadn't been for Bell South they would have had me by the balls because of lack of competition but it took me three months to sort them out. |
mikebartnz (21) | ||
| 546455 | 2007-05-03 14:52:00 | Same thing happened with the NZ rail, with Tranz Rail not reinvesting in the rail network. .. How wrong you are there as it was Michael Fay and David Richwhite that were advising the Govt as well as buying it at the same time and where do those two now live. Not in NZ. After the Wine Box they both chose to scarper over seas rather than sue anyone because of their guilt. |
mikebartnz (21) | ||
| 546456 | 2007-05-03 20:29:00 | I have read a lot about that Mr Fay... Michael Fay - a thieving jackal in a knights clothing... IMO. |
Nyuuji (5460) | ||
| 546457 | 2007-05-03 21:39:00 | I have read a lot about that Mr Fay... Michael Fay - a thieving jackal in a knights clothing... IMO. and you're not the only one to hold that opinion. |
decibel (11645) | ||
| 546458 | 2007-05-04 04:35:00 | . How wrong you are there as it was Michael Fay and David Richwhite that were advising the Govt as well as buying it at the same time and where do those two now live . Not in NZ . After the Wine Box they both chose to scarper over seas rather than sue anyone because of their guilt . How was I wrong? You statement doesn't refer to the point I made . |
rogerp (6864) | ||
| 546459 | 2007-05-04 05:07:00 | The assets were sold at giveaway prices . The new owners don't invest in maintenance or upgrading, because they prefer to take the money . They expect the taxpayers to provide the expensive things like that . The process is called socialise the losses, and privatise the profits . If we are to provide the upgrading and maintenance, we should get the returns . That process is called fairtness . . . . Would the investment in a decent network benefit the technological development of this country? Yes, it could encourage large over seas corporates to either locate some of their research plants here and video conference, Imagine what it would do for the film industry . . . . Unfortunately it's not necessary for any of these things . Do you think Weta have an ADSL account with Xtra? Anyone who needs lots of bandwidth can buy it directly, and connect to the backbone directly . Any large user can do that . The upgrading which most of the people here want is "needed" to download movies and television . :( |
Graham L (2) | ||
| 546460 | 2007-05-04 05:20:00 | The assets were sold at giveaway prices . The new owners don't invest in maintenance or upgrading, because they prefer to take the money . Do you have any facts to substantiate that claim . Telecom claim that they spend hundreds of millions a year maintaining and upgrading their NZ network . |
rogerp (6864) | ||
| 546461 | 2007-05-04 05:39:00 | Perhaps you're taking a too limited view, Roger. ;) This thread has broadened to other "assets" we once owned. I agree Telecom do essential maintenance and some upgrading. Some people think they should be spending 10-20 times the "hundreds of millions" on upgrading alone. Toll obviously decided that maintenance of the tracks (bought for next to nothing by "Sir" Fay) was too expensive for them. :groan: | Graham L (2) | ||
| 546462 | 2007-05-04 05:55:00 | Unfortunately it's not necessary for any of these things. Do you think Weta have an ADSL account with Xtra? Anyone who needs lots of bandwidth can buy it directly, and connect to the backbone directly . Any large user can do that. The upgrading which most of the people here want is "needed" to download movies and television. :( I am not sure if Weta use Telecom fibre or Telstra fibre, I just know they do require a lot of fibre bandwidth which is usually supplied at excessive rates when they tranfer files between Wellywood- London- US during the editing processes that go on. The point I was making was that as long as we have to pay through the nose for what some countries would consider normal usage we will always struggle to compete against other countries when it comes to creating a transferring gigabyte or terabyte files around the world from NZ as would happen if you were a university research dept investigating a human genome sequence or a bit of DNA research where very large files are the norm. |
winmacguy (3367) | ||
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