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There 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

There 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 ago
The stake was also to incentivise the local fibre companies to pay back their govt loans (stake would be reduced)