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> The fibre network is owned 50% by central government and 50% by private or local government owned corporations Does the government actually have an ownership
by postingawayonhn 4y ago
> The fibre network is owned 50% by central government and 50% by private or local government owned corporations
Does the government actually have an ownership stake? I just thought they provided some grants and debt financing?
- teruakohatu 4y agoThere are many fibre companies, each with a monopoly in a geographic area. For the largest Chorus the government own non-voting shares and gave them a loan, and for the others I believe the government had a 50% stake originally. That all might have changes over the years.
- everfrustrated 4y agoThe stake was also to incentivise the local fibre companies to pay back their govt loans (stake would be reduced)