Northpower acquires government’s remaining stake in UFB project

1 Apr 2021

New Zealand utility firm Northpower has announced the purchase of Crown Infrastructure Partners’ (CIP’s) remaining stake in Northpower Fibre, the venture formed to deliver the government’s Ultra Fast Broadband (UFB) initiative to 33,000 homes and businesses across the Whangarei and Kaipara region. The partnership with CIP, the government’s infrastructure funding body, commenced in 2010 and delivered high speed fibre-optic connectivity to residents within the Whangarei catchment area by 2014. A second agreement to expand fibre connectivity to twelve more towns throughout Kaipara and Whangarei was signed in 2017. Northpower Group CEO Andrew McLeod commented: ‘Our high speed fibre network has been delivered by Northlanders, for Northlanders, and is a great example of working in partnership with the Crown, local suppliers and global technology players. Our network connects Northland to the world and provides a critical platform for improving outcomes for our region.’

New Zealand, Northpower Fibre