Speaker 1: You're listening to a share these podcast No. Today, New
Speaker 1: Zealand ranks seventeenth in the world for fiber uptake, which
Speaker 1: is quite an amazing stat for a country with five
Speaker 1: million people. And again the topography that we have to
Speaker 1: actually build this network, but we've got to stay at
Speaker 1: the forefront of that. Those visionaries put us out there
Speaker 1: when other countries and markets really weren't looking at this.
Speaker 1: You know, that same ranking if you compare that to
Speaker 1: Australia are at fifty fifth, the UK at sixty six.
Speaker 1: So it's nice to be on the right side of
Speaker 1: those for a change, But expansions one digital equities another,
Speaker 1: so ensuring that no one's really left behind from this
Speaker 1: digital world. Today, the government statistics which would estimate one
Speaker 1: in five people across our set or are actually digitally excluded,
Speaker 1: which is roughly about ten percent of households. That seems
Speaker 1: like a staggering statistic, particularly when you consider that we're
Speaker 1: increasingly becoming more digitized, so services like core government or
Speaker 1: retail services or access to health services that are becoming
Speaker 1: increasingly digitized. So the risk to being digitally excluded is
Speaker 1: probably is growing. If anything. In space, I was thinking
Speaker 1: a bit about you know, with boardband, we do, we
Speaker 1: continually expect more for less. What are some of the
Speaker 1: other drivers that can help. Having access to high speed
Speaker 1: fiber connectivity has fundamentally changed the way that we all live, learn,
Speaker 1: work and play. And we saw that even more so
Speaker 1: during the pandemic for COVID and being at home heavily
Speaker 1: restricted but still actually being able to work and live
Speaker 1: and order takeaways and get them dropped at your door.
Speaker 1: But it's fundamentally changed the way that we live. So,
Speaker 1: you know, even though it might seem like we're providing
Speaker 1: the same sort of service as we were back when
Speaker 1: Coorus first started with the UFB initiative, it's fundamentally changed.
Speaker 1: You know. To give you another statistic, ten years ago,
Speaker 1: even the average data usage in New Zealand per month
Speaker 1: was forty gigabits gigabytes sorry, it's now over six hundred gigabytes.
Speaker 1: We now do the annual usage from ten years ago
Speaker 1: in just over two weeks. And again I'd say that's
Speaker 1: that's a pump for the fiber network because that shows
Speaker 1: again how scalable it actually is and it's built for
Speaker 1: that future again, so you know, it's it's something that
Speaker 1: when you look at the use cases of where that
Speaker 1: that might grow. Yes, the rate of growth might change
Speaker 1: and loss of late, but I don't think it's ever
Speaker 1: coming down. So and you think about where some of
Speaker 1: that growth might be, because that speaks to the industry,
Speaker 1: you know, as terrestrial TV increasingly and most likely comes
Speaker 1: to an IP solution as we get to four K
Speaker 1: mass market. And what I mean by that is, you know,
Speaker 1: even though four K has been around for a while,
Speaker 1: not every household has four K devices, and not every
Speaker 1: household is actually consuming four K content At the moment
Speaker 1: we have I think on average about I think the
Speaker 1: average is now twenty six devices connected in our home,
Speaker 1: which seems crazy, but if you actually add them up
Speaker 1: and you think about the laptops, the iPads, the wearables
Speaker 1: and watches, the TV, the smart fridge, disordering your milk
Speaker 1: for next week, the security, you all your other appliance,
Speaker 1: it's really not hard to get to twenty six and
Speaker 1: that's only fore casts to grow even over the next
Speaker 1: five years to up to over forty devices. So there
Speaker 1: is growth and scalability in the fiber network. Investing and
Speaker 1: involves the risk you might lose the money when you
Speaker 1: start with we recommend talking to a licensed financial advisor.
Speaker 1: We also recommend reading product disclosure documents before deciding to invest.
Speaker 1: Everything you're about to see and hear is current at
Speaker 1: the time of recording.