We're Only Selling 49 Percent - Remember the Kiwishare!

Key says we don't have to panic about his plans to flog off our state assets as he is only going to flog off 49% to his rich mates. Remember “Kiwishare” free local calling protection – put in place when Telecom was privatized.This year the govt repealed the Kiwishare with a Supplementary Order Paper to the Telecommunications (TSO, Broadband, and Other Matters) Amendment Bill. The Kiwishare also meant that Telecom our largest telecommunication company could never be completely foreign owned. Now that the Kiwishare has gone, there is nothing to stop Telecom falling entirely into foreign ownership. This shows you that 49% is no long term protection at all.