Today Telecom has advised that it will announce a revised time frame for the structural separation of its business upon entering into a contractual arrangement with Crown Fibre Holdings for the Ultra-Fast Broadband (UFB) project.

We’d already previously said we’d aim to structurally separate Telecom by the end of June 2011. That would have required us to have reached a contractual arrangement with Crown Fibre Holdings (CFH) last year for this time frame to be achieved, however, we were only confirmed as a negotiating partner for the UFB rollout in mid-December.

We’re currently in detailed negotiations with CFH and the final time frame for demerger will be determined when we’re able to reach an agreement with CFH.

View Telecom's media statement

We will continue to keep you informed about further decisions around the UFB process.

Gen-i’s commitment is to continue to deliver on all our responsibilities to our clients and deliver outstanding results as we work towards our goal of becoming Australasia’s most preferred ICT hosted services and integrated ICT solutions provider.

Chris Quin
CEO Gen-i Australasia