New Zealand will sell its Chorus debt holdings in early 2026 to repay $1.3 billion in interest-free loans and fund public infrastructure.

New Zealand plans to sell its debt holdings in telecommunications company Chorus in early 2026, accelerating repayment of $1.336 billion in interest-free loans used to fund the nationwide fibre broadband rollout. The sale, expected to conclude by mid-2026, will raise funds to reinvest in public infrastructure like schools, hospitals, and roads under Budget 2026. The government, which holds no equity in Chorus, will not alter the company’s ownership or services. Proceeds will be ring-fenced and depend on market conditions and value for money.