State-owned telecommunications company Kordia said it is getting on with an upgrade of a jointly owned network now that legal issues have been resolved.Kordia chief executive Geoff Hunt said that TelstraClear had been disputing whether or not Kordia had r
State-owned telecommunications company Kordia said it is getting on with an upgrade of a jointly owned network now that legal issues have been resolved.
Kordia chief executive Geoff Hunt said that TelstraClear had been disputing whether or not Kordia had rights to perform a unilateral upgrade on the jointly built and owned network. The upgrade would be on the basis that it caused no detriment to TelstraClear's use of the joint network, and would require only reasonable co-operation from TelstraClear at Kordia's cost.
Kordia initiated arbitration in 2007 to clarify its upgrade rights with TelstraClear. An award was issued in June of this year. TelstraClear sought permission from the High Court to appeal the decision but permission to appeal was denied.
"An upgrade will allow Kordia to get a similar cost base for capacity as TelstraClear, and enable us to compete effectively with them as well as others in the market, and provide a better return on our assets for the shareholder," Mr Hunt said.
Kordia is a state-owned enterprise. Until 2003 it was the transmission arm of Television New Zealand.
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