Fibre Broadband Shares

[Snoopy]

I hold a very minor 'position of interest;' in 'Enable Networks' courtesy of being a Christchurch ratepayer. 'Enable Networks' was created to be the builder of the fibre broadband network in Christchurch. Lyttelton, Lincoln, Prebbleton, Rolleston, Tai Tapu, Kaiapoi, Mandeville, Tuahiwi, and Woodend. 'Enable Networks' (ENL) is a wholly owned subsidiary of 'Enable Services Limited' (ESL) which is in turn a wholly owned subsidiary of 'Christchurch City Holdings Limited' (CCHL). CCHL is the commercial arm of the Christchurch City Council. ESL and ENL make up the 'Enable Group'.

The founding shareholders of ENL were ESL and CIP (Crown Infrastructure Partners, was Crown Fibre Holdings). CIP were bought out on 29th June 2016.

Does Enable hold a top three position in its chosen market space. As the monopoly wholesale provider in the greater Christchurch region, the answer has to be 'yes'.

Conclusion: Pass Test

SNOOPY