The New Zealand broadband network owner Ultrafast Fibre has unveiled plans to launch the country’s fastest high speed internet offering yet, with a 1Gbps service due to be introduced next month. The new ‘Ultra Max’ product offers downloads at ten times the current peak speed of 100Mbps provided by Ultrafast Fibre for residential consumers. The firm says the new product will be priced at NZD65 (USD55.60) a month for its wholesale partners who are then free to set their own prices for the retail end user. A new 200Mbps tariff is also being launched at NZD55 per month wholesale. Ultrafast Fibre is deploying fibre infrastructure in eight markets in central North Island: Hamilton, Tauranga, Te Awamutu, Cambridge, Tokoroa, New Plymouth, Wanganui and Hawera. To mark the new launch, the company is renaming its network ‘The Giganet’.