WEL reviewing capital structure of fibre business

Fri, 23 Aug 2019

By Gavin Evans 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. WEL offered no immediate explanation for the review and said the options available to it include maintaining the status quo. The community trust-owned business is the country’s sixth-largest power distributor, supplying about 92,800 homes and businesses. It is benefiting from strong growt...

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