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Hutt City Council backs Smartlinx3 Ltd
Hutt City Council news release
24 November 2009
Hutt City Council backs Smartlinx3 Ltd
Hutt City Council decided to increase its shareholding in broadband company Smartlinx3 Limited in a meeting last night.
The result is that Council will make application to subscribe for new shares in the company at a total cost of $90,000.
This is conditional on Upper Hutt and Porirua City councils and other shareholders also making subscriptions for new shares up to a determined amount.
Mayor David Ogden said the funding injection would put Smartlinx3 in a position to participate in the Government’s Ultrafast Broadband initiative.
He said Council would continue to support Smartlinx3 which was established to provide a fast, open-access broadband network for the Hutt Valley and Porirua.
Mayor Ogden noted that ratepayers had saved several hundred thousand dollars through Council using Smartlinx3’s services.
ENDS
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