Lower internet prices and unlimited downloads for home connections are predicted to be the result of a new high-speed link planned between New Zealand, Australia and the United States.
The project would build a $900 million, 13,000km high-speed link within three years.
The "Pacific Fibre" project is backed by some of New Zealand's best-known businessmen, including high-flyers Sam Morgan, Sir Stephen Tindall and Rod Drury.
It would provide a broadband connection with five times the capacity of the current connection, part-owned by Telecom.
"Businesses love very high resolution multi-party video conferencing while grandparents expect to be able to Skype video their grandchildren - and that, too, will be in HD [high definition] or better," said another Pacific Fibre founder, Mark Rushworth.
"But mostly we want to unleash that creative talent New Zealand has, and be on a level footing with the rest of the world."
Really, it's hard to see a downside, especially if Telecom has to smarten up its act with added competition for internet connection. Given Telecom's current issues with its services, the thought of not being wholly reliant on the monopoly is tantalising.
A big ups to all those who are backing Pacific Fibre - well done!
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