WEBVTT - Quick Bite: Why NZ Beats Australia in Fibre

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<v Speaker 1>You're listening to a share these podcast No. Today, New

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<v Speaker 1>Zealand ranks seventeenth in the world for fiber uptake, which

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<v Speaker 1>is quite an amazing stat for a country with five

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<v Speaker 1>million people. And again the topography that we have to

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<v Speaker 1>actually build this network, but we've got to stay at

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<v Speaker 1>the forefront of that. Those visionaries put us out there

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<v Speaker 1>when other countries and markets really weren't looking at this.

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<v Speaker 1>You know, that same ranking if you compare that to

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<v Speaker 1>Australia are at fifty fifth, the UK at sixty six.

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<v Speaker 1>So it's nice to be on the right side of

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<v Speaker 1>those for a change, But expansions one digital equities another,

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<v Speaker 1>so ensuring that no one's really left behind from this

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<v Speaker 1>digital world. Today, the government statistics which would estimate one

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<v Speaker 1>in five people across our set or are actually digitally excluded,

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<v Speaker 1>which is roughly about ten percent of households. That seems

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<v Speaker 1>like a staggering statistic, particularly when you consider that we're

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<v Speaker 1>increasingly becoming more digitized, so services like core government or

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<v Speaker 1>retail services or access to health services that are becoming

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<v Speaker 1>increasingly digitized. So the risk to being digitally excluded is

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<v Speaker 1>probably is growing. If anything. In space, I was thinking

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<v Speaker 1>a bit about you know, with boardband, we do, we

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<v Speaker 1>continually expect more for less. What are some of the

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<v Speaker 1>other drivers that can help. Having access to high speed

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<v Speaker 1>fiber connectivity has fundamentally changed the way that we all live, learn,

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<v Speaker 1>work and play. And we saw that even more so

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<v Speaker 1>during the pandemic for COVID and being at home heavily

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<v Speaker 1>restricted but still actually being able to work and live

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<v Speaker 1>and order takeaways and get them dropped at your door.

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<v Speaker 1>But it's fundamentally changed the way that we live. So,

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<v Speaker 1>you know, even though it might seem like we're providing

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<v Speaker 1>the same sort of service as we were back when

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<v Speaker 1>Coorus first started with the UFB initiative, it's fundamentally changed.

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<v Speaker 1>You know. To give you another statistic, ten years ago,

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<v Speaker 1>even the average data usage in New Zealand per month

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<v Speaker 1>was forty gigabits gigabytes sorry, it's now over six hundred gigabytes.

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<v Speaker 1>We now do the annual usage from ten years ago

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<v Speaker 1>in just over two weeks. And again I'd say that's

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<v Speaker 1>that's a pump for the fiber network because that shows

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<v Speaker 1>again how scalable it actually is and it's built for

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<v Speaker 1>that future again, so you know, it's it's something that

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<v Speaker 1>when you look at the use cases of where that

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<v Speaker 1>that might grow. Yes, the rate of growth might change

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<v Speaker 1>and loss of late, but I don't think it's ever

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<v Speaker 1>coming down. So and you think about where some of

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<v Speaker 1>that growth might be, because that speaks to the industry,

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<v Speaker 1>you know, as terrestrial TV increasingly and most likely comes

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<v Speaker 1>to an IP solution as we get to four K

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<v Speaker 1>mass market. And what I mean by that is, you know,

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<v Speaker 1>even though four K has been around for a while,

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<v Speaker 1>not every household has four K devices, and not every

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<v Speaker 1>household is actually consuming four K content At the moment

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<v Speaker 1>we have I think on average about I think the

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<v Speaker 1>average is now twenty six devices connected in our home,

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<v Speaker 1>which seems crazy, but if you actually add them up

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<v Speaker 1>and you think about the laptops, the iPads, the wearables

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<v Speaker 1>and watches, the TV, the smart fridge, disordering your milk

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<v Speaker 1>for next week, the security, you all your other appliance,

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<v Speaker 1>it's really not hard to get to twenty six and

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<v Speaker 1>that's only fore casts to grow even over the next

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<v Speaker 1>five years to up to over forty devices. So there

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<v Speaker 1>is growth and scalability in the fiber network. Investing and

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<v Speaker 1>involves the risk you might lose the money when you

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<v Speaker 1>start with we recommend talking to a licensed financial advisor.

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<v Speaker 1>We also recommend reading product disclosure documents before deciding to invest.

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<v Speaker 1>Everything you're about to see and hear is current at

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<v Speaker 1>the time of recording.