Story: Law and the economy

Telecom Kiwi share

Telecom Kiwi share

 The ‘Kiwi share’ was devised when Telecom, a state-owned enterprise, was sold to private investors in 1990. The share was in fact a contract between the government and Telecom that required the latter to maintain some practices of the former state entity, in particular unlimited local calling as part of a fixed monthly phone rental. Telecom sought to review the share in 1992 but was unsuccessful. Spot the dog, a benign Jack Russell terrier, featured in Telecom’s advertising at the time.

Courtesy of the New Zealand Herald

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Laurence Clark
Reference: H-009-010
Cartoon by Laurence Clark ('Klarc')

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How to cite this page:

Lewis Evans, 'Law and the economy - Regulation of economic activities', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/en/cartoon/25627/telecom-kiwi-share (accessed 21 October 2019)

Story by Lewis Evans, published 11 Mar 2010