UPDATE: WEL reviewing capital structure of fibre business

Fri, 23 Aug 2019

(Adds company comment from fourth paragraph.) By Gavin Evans Aug. 23 (BusinessDesk) - Aug. 23 (BusinessDesk) - WEL Networks is reviewing the capital structure of its Ultrafast Fibre subsidiary. The Hamilton-based network operator owns 85 percent of UFF in partnership with neighbouring power distributor Waipa Networks. UFF had more than 120,000 active customers on its network at the end of June. It expects to complete the UFB2 and UFB2-plus roll-outs for the Crown by the end of the year and says new residential developments in Tarana...

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