Technology10/10/2025•Bloomberg
NZ’s Willis Says Chorus Divestment Is Smart Use of Balance Sheet
The New Zealand government plans to sell its non-voting stake in the fiber optic network operator Chorus, according to Finance Minister Nicola Willis. Willis stated that this move represents the government's efforts to use its balance sheet more efficiently. The decision to divest from Chorus is seen as a smart use of the government's financial resources, as it allows the government to focus on other priorities and investments. The sale of the non-voting stake is part of the government's broader strategy to manage its assets and liabilities in a more strategic manner, which could potentially lead to better outcomes for the country's economy and its citizens.
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