March 09, 2012
Source: TE Connectivity Ltd.
SCHAFFHAUSEN, Switzerland, March 9, 2012 /PRNewswire/ -- TE Connectivity Ltd. (NYSE: TEL) today announced it has been selected by Chorus New Zealand Limited to supply connectivity products for Chorus' existing network infrastructure and for the company's part in delivering the New Zealand government's Ultra-Fast Broadband (UFB) initiative.
Chorus awarded TE a contract worth approximately US$67 million over a four-year period, with an option to extend the contract for an additional two years. TE will supply a wide range of connectivity solutions including optical fiber distribution frames and other fiber connectivity solutions. TE employs over 200 people in New Zealand.
"We are excited to have been selected by Chorus as a key equipment supplier. The team at TE Connectivity is proud to be a part of Chorus' work to bring fiber to more New Zealanders than ever before," said David Redfern, Senior Vice President of TE Connectivity's Telecom Networks business.
Chorus General Manager of Network Build, Chris Dyhrberg, said the supply agreement will help Chorus build New Zealand's fiber future. "TE's proven fiber connectivity equipment will help us build and maintain the network which retail service providers can use to deliver innovative UFB services that can change the way their customers experience the internet."
Chorus is New Zealand's largest telecommunications infrastructure company operating a national network that includes more than 29,000 kilometers of fiber optic cable. In May 2011, Chorus was chosen as the Crown's cornerstone partner for the rollout of the new Ultra-Fast Broadband network to 75% of New Zealand homes and businesses by the end of 2019.
ABOUT TE CONNECTIVITY
TE Connectivity is a global, $14 billion company that designs and manufactures approximately 500,000 products that connect and protect the flow of power and data inside the products that touch every aspect of our lives. Our nearly 100,000 employees partner with customers in virtually every industry—from consumer electronics, energy and healthcare, to automotive, aerospace and communication networks—enabling smarter, faster, better technologies to connect products to possibilities. More information on TE Connectivity can be found at www.te.com.
ABOUT CHORUS LIMITED
Chorus is New Zealand's largest telecommunications utility company. It maintains and builds a network predominately made up of local telephone exchanges, cabinets and some 1.8 million copper and fiber optic lines connecting homes and businesses throughout the country. Its open network and innovative new wholesale products and services are used by many different phone and internet service providers, helping them to deliver the services their customers rely on. Chorus is included in the NZX 10 Index comprising New Zealand's 10 largest domestic companies. More information is available at www.chorus.co.nz.
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