Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Te Huarahi Tika Trust celebrates a successful year

Media Release: Te Huarahi Tika Trust
For Immediate Release
Date: March 25 2015

Te Huarahi Tika Trust celebrates a successful year while acknowledging stalwart’s retirement.

Te Huarahi Tika Trust is now in its 15th year of investing in 3G spectrum and remains a shareholder in 2 Degrees Mobile on behalf of Māori. In 2000 Te Huarahi Tika Trust secured $5milion dollars from the Crown which the Trust's commercial arm Hautaki Ltd used to establish New Zealand's third telco 2 Degrees Mobile. Daphne Luke, Chair of Te Huarahi Tika is pleased at yesterday’s public announcement from 2Degrees Mobile that it has acquired SNAP enabling the company to be able to add home phone lines and home broadband to its existing services.

Hautaki Chair and Director on 2degrees, Mavis Mullins recognises this as a step change for the Company and acknowledges the considerable efforts that have brought 2degrees to this point. Hautaki, as the New Zealand shareholder has retired all debt and retains a cornerstone shareholding on behalf of Māori including the investments of Tuaropaki and Wairarapa Moana. The value of Hautaki's own shares exceed $15m.

This month the Trust farewells one of its stalwarts in Trustee and Hautaki director Antony Royal. Mrs Luke acknowledges Antony’s huge contribution including his time as a 2-Degrees director where he assisted in the development of the te reo smartphone, establishing the Hei Rere Mai scholarships, work with AUT for scholarships and Māori cadetships within 2-Degrees. He has also been a long standing advocate of Māori involvement in spectrum allocation policy.

Replacing Antony as an interim director on Hautaki Ltd is Trustee Toa Greening a seasoned senior IT Engineering Professional who has worked for most major system integrators such as Axon, Datacom, Fujitsu, Hewlett Packard, Computerland, Gen-i, Oxygen and EDS.

Hautaki look forward to Toa’s technical knowledge of spectrum and his skills gained from local politics as the company look forward to new opportunities and growing its investments.

In coming months the Te Huarahi Tika Trust and its Electoral College will begin a recruitment drive for new members to the Trust and Hautaki governing bodies. Any enquiries should be directed via the website.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Federated Farmers: Applauds UK-Australia Free Trade Deal

News that Australia and the UK have signed a free trade agreement is a promising step forward in the fight against tariffs and protectionism, Federated Farmers says.
"It reinforces the international rules-based trading framework and is important for rural producers and global consumers," Feds President Andrew Hoggard says... More>>



REINZ May Data: House Price Rises Continue; Auckland Hits New Record Median Price Again

Median prices for residential property across New Zealand increased by 32.3% from $620,000 in May 2020 to $820,000 in May 2021, according to the latest data from the Real Estate Institute of New Zealand (REINZ), source of the most complete and accurate real estate data in New Zealand... More>>

Energy Resources Aotearoa: Doubling Of Coal Use Shows Need For Local Natural Gas

New figures showing a near doubling of coal-fired electricity generation highlight New Zealand’s energy shortage and the need for natural gas as a lower carbon alternative, according to Energy Resources Aotearoa... More>>


Reserve Bank: Debt Serviceability Restrictions Added To Policy Toolkit

The Reserve Bank – Te Pūtea Matua and the Minister of Finance have agreed to update their shared Memorandum of Understanding (MoU) on macro-prudential policy and add debt serviceability restrictions to the list of potential tools available... More>>


Auction: 1.4 Million In Rare Vintage Watches, Gems, Jewels & Diamonds Go Under The Hammer At Webb’s

An auction event showcasing over 1.4 Million dollars in rare jewels, gems, diamonds and vintage watches is due to take place this Sunday by Auckland based auction house Webb’s... More>>

Catalist: NZ’s New SME Stock Exchange, Gets Licence To Go Public

New Zealand has a new stock exchange – designed specifically for small and medium-sized businesses (SMEs) to raise up to $20 million a year from the public.
Called Catalist, the exchange has already been successfully working the private investment sector.... More>>