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

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