Waikato Networks buys out Crown's holding in Ultrafast Fibre for $189 million

Wed, 07 Sep 2016

By Sophie Boot Sept. 7 (BusinessDesk) - A WEL Networks subsidiary has bought the government's majority shareholding in Ultrafast Fibre for $189 million, giving WEL and its strategic partner Waipa Networks 100 percent ownership of the central North Island's fibre company. The local fibre company was previously jointly held by Crown Fibre Holdings (CFH) and Waikato Networks, the WEL and Waipa Networks subsidiary, which announced today it has taken full ownership. Ultrafast Fibre owns and operates the fibre network in and around Hamilton,...

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