Unison Group sells fibre subsidiary to Tuatahi First Fibre

The Unison Group has finalised the sale of its fibre subsidiary, Unison Fibre Limited, to Tuatahi First Fibre, a leading central North Island fibre network provider. Unison Fibre was launched in 2009 by the Unison Group, a community-owned operator of the electricity distribution network in Hawkes Bay, Taupo, and Rotorua.

Unison Fibre was initially established to support Unison's electricity network with a mere 30km of fibre cabling between Hastings and Napier. Over the last decade and a half, it has evolved into a robust fibre network with 700km of cabling, serving over 3,500 customers across Hawkes Bay and the Central North Island.

Following an initial sale and purchase agreement in October 2023, the sale was finalised on 31 January. Unison Group CEO, Jaun Park, expressed enthusiasm for the transaction. He noted, "We couldn't be more pleased be handing stewardship over to Tuatahi, who share the same values and commitment to excellence as Unison, to take it to the next level."

Customers currently using the Unison Fibre network stand to gain from Tuatahi's larger network. They will now have a wider choice of up to 50 providers, ranging from well-known national retailers to specialised providers preferred by gamers. Tuatahi also plans to introduce Hyperfibre to its network within the next 12 months, promising symmetrical download and upload speeds of up to 4GB.

"We know our Unison Fibre team and customers will be in great hands with Tuatahi, and both will benefit from Tuatahi's expertise and scale," says Park. The group's strategy is to enhance its portfolio of specialist electricity solutions while increasing shareholder returns to the consumers of Hawkes Bay. This strategic divestment allows them to focus efforts on enhancing the performance of their other specialist electricity companies.

Tuatahi CEO John Hanna is also optimistic about the acquisition, affirming ongoing investment in the regions of Taup and Rotorua, along with the thriving and resilient Hawkes Bay. "This acquisition aligns perfectly with our dedication to heartland New Zealand. We are committed to ensuring a smooth transition and maintaining a high standard of service and reliability for Unison Fibre's current customers," stated Hanna.

As part of the transition, some Unison Fibre branding will remain visible on assets such as vehicles and fibre cabinets while systems are integrated. Notably, Tuatahi will welcome 12 members of the Unison Fibre staff team into its ranks.

"Retaining local fibre expertise is crucial for us. We are thrilled to have the highly-skilled, experienced team from Unison Fibre join us, ensuring continuity and ongoing exceptional service for customers," concludes Hanna.