First State Investments to buy NZ's Ultrafast Fibre for $519m

First State Investments to buy NZ's Ultrafast Fibre for $519m

Photo by Robert Wiedemann on Unsplash

Global investment manager First State Investments will buy New Zealand’s Ultrafast Fibre Ltd for NZ$854 million ($518.63 million) from WEL Networks Ltd and Waipa Networks Ltd, the electricity distributors said on Tuesday.

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