New Zealand plans to sell its $700 million stake in Chorus by early 2026 to fund public infrastructure.

The New Zealand government is considering selling its $700 million in debt and equity securities in Chorus, the company built from its contribution to the completed Ultra-Fast Broadband rollout, to free up capital for public infrastructure like hospitals and schools. The sale, potentially in early 2026, is being assessed by NIFFCo under Treasury oversight, with final decisions pending market conditions and value-for-money evaluations. Finance Minister Nicola Willis stated there is no longer a policy justification for the investment, emphasizing the government is not an owner but a creditor, and proceeds would support public needs. The move, opposed by Labour and supported by ACT, aligns with broader fiscal strategy and asset management goals.