DonGould:Linuxluver: National can't be trusted with public assets.
Given what they've done to the value of Telecom.... can they be trusted with private assets?
That was a situation that needed correcting long ago. Labour in 1990 never should have sold the network. It was worth at least 5 times the amount of money they got for it if we look at replacement value.
This was also after the NZ taxpayer had invested heavily in new infrastructure and equipment that was then gifted to the buyers who reaped the rewards in greatly improved returns form that investment.
It was theft.
There could never be any real competition while the incumbent telco had a national network to every home and business built for them by the taxpayer and effectively gifted to them by idiots besotted by the market ideology they obviously didn't understand in the first place.
National and Maurice Williamson did nothing to fix the problem for a decade. *Finally* Labour moved to sort it out and National, to their credit, have not interfered with the regulators moves to carry that on.