Spark New Zealand (ASX:SPK) has announced a significant upgrade to its voice communications infrastructure in New Zealand.
The telco will switch from the ageing Public Switched Telephone Network (PSTN) to a next generation IP-based network, which will entail “minimal disruption to services”.
Spark says the new network will be progressively phased in over the next five years, and will provide the foundation for its voice services – across landline, mobile, video and data platforms.
The company also says it’s time to make the switch as customers are opting for alternatives to the old copper-based PSTN, and around 50% of Kiwi homes and businesses use other technologies, like Voice over Fibre and Voice over Wireless.
Yesterday, Spark New Zealand shares closed 0.3% lower at $3.27.