New Zealand government considers selling Chorus UFB funding securities

On October 10, 2025, Chorus announced that the New Zealand government is considering selling the UFB funding securities it holds in Chorus Limited. The minister of finance and minister of infrastructure have tasked National Infrastructure Funding and Financing (NIFFCo) with investigating the feasibility of this sale.

These securities represent the Crown's funding mechanism for the various Ultra-Fast Broadband (UFB) build programs that Chorus successfully completed. Chorus will monitor the NIFFCo process and anticipates no material change to the terms and conditions of the issued securities if a third party acquires them.