1 00:00:01,000 --> 00:00:04,920 Speaker 1: You're listening to a share these podcast No. Today, New 2 00:00:04,960 --> 00:00:08,319 Speaker 1: Zealand ranks seventeenth in the world for fiber uptake, which 3 00:00:08,360 --> 00:00:10,799 Speaker 1: is quite an amazing stat for a country with five 4 00:00:10,840 --> 00:00:13,480 Speaker 1: million people. And again the topography that we have to 5 00:00:13,560 --> 00:00:16,880 Speaker 1: actually build this network, but we've got to stay at 6 00:00:16,920 --> 00:00:20,120 Speaker 1: the forefront of that. Those visionaries put us out there 7 00:00:20,120 --> 00:00:22,599 Speaker 1: when other countries and markets really weren't looking at this. 8 00:00:23,360 --> 00:00:25,599 Speaker 1: You know, that same ranking if you compare that to 9 00:00:25,600 --> 00:00:29,280 Speaker 1: Australia are at fifty fifth, the UK at sixty six. 10 00:00:29,480 --> 00:00:31,840 Speaker 1: So it's nice to be on the right side of 11 00:00:31,880 --> 00:00:36,080 Speaker 1: those for a change, But expansions one digital equities another, 12 00:00:36,960 --> 00:00:40,800 Speaker 1: so ensuring that no one's really left behind from this 13 00:00:40,960 --> 00:00:46,319 Speaker 1: digital world. Today, the government statistics which would estimate one 14 00:00:46,360 --> 00:00:50,520 Speaker 1: in five people across our set or are actually digitally excluded, 15 00:00:50,600 --> 00:00:54,280 Speaker 1: which is roughly about ten percent of households. That seems 16 00:00:54,320 --> 00:00:59,680 Speaker 1: like a staggering statistic, particularly when you consider that we're 17 00:00:59,720 --> 00:01:04,320 Speaker 1: increasingly becoming more digitized, so services like core government or 18 00:01:04,360 --> 00:01:08,040 Speaker 1: retail services or access to health services that are becoming 19 00:01:08,120 --> 00:01:11,720 Speaker 1: increasingly digitized. So the risk to being digitally excluded is 20 00:01:11,800 --> 00:01:15,559 Speaker 1: probably is growing. If anything. In space, I was thinking 21 00:01:15,560 --> 00:01:18,360 Speaker 1: a bit about you know, with boardband, we do, we 22 00:01:18,440 --> 00:01:21,240 Speaker 1: continually expect more for less. What are some of the 23 00:01:21,280 --> 00:01:25,280 Speaker 1: other drivers that can help. Having access to high speed 24 00:01:25,280 --> 00:01:31,360 Speaker 1: fiber connectivity has fundamentally changed the way that we all live, learn, 25 00:01:32,200 --> 00:01:35,160 Speaker 1: work and play. And we saw that even more so 26 00:01:35,720 --> 00:01:41,200 Speaker 1: during the pandemic for COVID and being at home heavily 27 00:01:41,240 --> 00:01:45,479 Speaker 1: restricted but still actually being able to work and live 28 00:01:46,040 --> 00:01:49,400 Speaker 1: and order takeaways and get them dropped at your door. 29 00:01:49,440 --> 00:01:52,680 Speaker 1: But it's fundamentally changed the way that we live. So, 30 00:01:53,400 --> 00:01:55,800 Speaker 1: you know, even though it might seem like we're providing 31 00:01:55,840 --> 00:01:58,880 Speaker 1: the same sort of service as we were back when 32 00:01:59,000 --> 00:02:03,280 Speaker 1: Coorus first started with the UFB initiative, it's fundamentally changed. 33 00:02:03,840 --> 00:02:06,840 Speaker 1: You know. To give you another statistic, ten years ago, 34 00:02:06,920 --> 00:02:10,760 Speaker 1: even the average data usage in New Zealand per month 35 00:02:10,919 --> 00:02:18,120 Speaker 1: was forty gigabits gigabytes sorry, it's now over six hundred gigabytes. 36 00:02:19,440 --> 00:02:23,600 Speaker 1: We now do the annual usage from ten years ago 37 00:02:24,120 --> 00:02:28,079 Speaker 1: in just over two weeks. And again I'd say that's 38 00:02:29,040 --> 00:02:32,160 Speaker 1: that's a pump for the fiber network because that shows 39 00:02:32,200 --> 00:02:35,760 Speaker 1: again how scalable it actually is and it's built for 40 00:02:35,880 --> 00:02:43,079 Speaker 1: that future again, so you know, it's it's something that 41 00:02:43,200 --> 00:02:45,400 Speaker 1: when you look at the use cases of where that 42 00:02:45,400 --> 00:02:49,360 Speaker 1: that might grow. Yes, the rate of growth might change 43 00:02:50,160 --> 00:02:52,000 Speaker 1: and loss of late, but I don't think it's ever 44 00:02:52,040 --> 00:02:55,480 Speaker 1: coming down. So and you think about where some of 45 00:02:55,520 --> 00:02:57,920 Speaker 1: that growth might be, because that speaks to the industry, 46 00:02:59,360 --> 00:03:03,720 Speaker 1: you know, as terrestrial TV increasingly and most likely comes 47 00:03:03,760 --> 00:03:08,079 Speaker 1: to an IP solution as we get to four K 48 00:03:08,160 --> 00:03:12,079 Speaker 1: mass market. And what I mean by that is, you know, 49 00:03:12,240 --> 00:03:14,160 Speaker 1: even though four K has been around for a while, 50 00:03:14,440 --> 00:03:17,240 Speaker 1: not every household has four K devices, and not every 51 00:03:17,240 --> 00:03:23,240 Speaker 1: household is actually consuming four K content At the moment 52 00:03:23,320 --> 00:03:25,640 Speaker 1: we have I think on average about I think the 53 00:03:25,639 --> 00:03:28,880 Speaker 1: average is now twenty six devices connected in our home, 54 00:03:29,000 --> 00:03:31,760 Speaker 1: which seems crazy, but if you actually add them up 55 00:03:31,760 --> 00:03:35,920 Speaker 1: and you think about the laptops, the iPads, the wearables 56 00:03:35,920 --> 00:03:39,760 Speaker 1: and watches, the TV, the smart fridge, disordering your milk 57 00:03:40,000 --> 00:03:44,040 Speaker 1: for next week, the security, you all your other appliance, 58 00:03:44,080 --> 00:03:47,920 Speaker 1: it's really not hard to get to twenty six and 59 00:03:47,960 --> 00:03:50,240 Speaker 1: that's only fore casts to grow even over the next 60 00:03:50,280 --> 00:03:53,760 Speaker 1: five years to up to over forty devices. So there 61 00:03:53,840 --> 00:03:58,080 Speaker 1: is growth and scalability in the fiber network. Investing and 62 00:03:58,080 --> 00:04:00,160 Speaker 1: involves the risk you might lose the money when you 63 00:04:00,200 --> 00:04:03,480 Speaker 1: start with we recommend talking to a licensed financial advisor. 64 00:04:04,200 --> 00:04:08,040 Speaker 1: We also recommend reading product disclosure documents before deciding to invest. 65 00:04:08,280 --> 00:04:10,680 Speaker 1: Everything you're about to see and hear is current at 66 00:04:10,680 --> 00:04:11,520 Speaker 1: the time of recording.