2 Nov 2016

Chch Council moves to protect broadband company from sale

7:59 pm on 2 November 2016

The Christchurch City Council has voted to place extra protections around its broadband company, making it harder to sell.

The council has a policy of selling $600 million worth of assets.

So far it has only attempted to sell one - the roading and maintenance company City Care - which failed to find a buyer.

Today, it voted to place broadband roll-out company Enable on its list of strategic assets, which meant it would need to consult with the public before selling it.

It also asked for a staff report on whether City Care should be placed on the list as well, something councillor Raf Manji said was worth discussing.

"I don't think it's a strategic asset, but I think it's important for the public to be able to have a conversation, and understand more about what is strategic and what isn't."

Mr Manji said, unlike City Care, Enable was a core piece of infrastructure.

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