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New Zealand plans to sell over $1B in Chorus shares after finishing its ultra-fast broadband project.
The New Zealand government is considering selling over $1 billion in Chorus debt and equity, ending its role in the completed Ultra-Fast Broadband initiative, with the National Infrastructure Funding and Financing Company assessing the sale by year-end.
Finance Minister Nicola Willis said the move follows project completion, with no policy reason to retain ownership, though critics argue it signals a shift in state asset policy.
Chorus confirmed the sale won’t affect existing terms.
Meanwhile, EonFibre launched DC Direct, a high-speed fibre network for data centres and enterprises, and the Commerce Commission praised mobile providers for improving coverage maps and introducing clear exit rights for customers.
New standards now allow easier service comparisons.
Nueva Zelanda planea vender más de $ 1B en acciones de Chorus después de terminar su proyecto de banda ancha ultrarrápida.