Mercury NZ launches fibre broadband for utility customers

17 Jun 2022

New Zealand utility firm Mercury has launched Mercury Broadband, giving its electricity and gas customers the ability to add fibre-optic broadband access to their Mercury account. The ‘Unlimited Fibre Ultra’ package provides transmission speeds of 841Mbps/502Mbps (down/uplink) with a monthly price of NZD89.0 (USD56.1).

Previously, on 2 May 2022 Mercury completed its NZD467 million takeover of Trustpower’s retail business. The final price of the deal – which included 416,000 gas, electricity and fixed broadband accounts – involved an underlying purchase price of NZD426 million, alongside a working capital contribution of NZD41 million, and represented an increase on the previously announced price of NZD441 million.

At the time of the takeover, Mercury CEO Vince Hawksworth commented: ‘Going from a dual utility provider to a truly multi-product retailer adds material value for our customers in terms of convenience, cost efficiencies and the delivery of innovative and exciting products.’

New Zealand, Mercury NZ, Trustpower