09:54 AM EST - Axia NetMedia Corp. : said it has formed an alliance with Vodafone Group plc for the New Zealand government's Ultra-Fast Broadband Initiative or UFB. The Government of New Zealand has committed to spending NZ$1.5 billion to help New Zealand transform from a copper-based network to an ultra-fast broadband network. Vodafone New Zealand CEO Russell Stanners said the alliance with Axia will enable Vodafone to not only take part in the UFB project as a retail provider, but also help invest in the future of New Zealand. Axia NetMedia Corp.
shares T.AXX are trading up $0.01 at $1.92.
