Investment in internet

In response to K Evans' letter ‘The Future Looks Bad' (The Weekend Sun, March 2) I would point out that although TECT has said they are acting based on uncertainty within the electricity market, Bill Holland has categorically stated that they have no intention of selling their Trustpower shares. If you truly believed that the future looked bad for Trustpower would you not immediately look at selling your shares?

I don't see how no longer paying out Trustpower's consumers with the TECT cheque is going to make the electricity sector's future any brighter, and yet that is the argument the TECT trustees would have us believe. Also I feel I should point out that Trustpower has invested in offering internet services, an area that seems to have enormous growth – something I am sure Bill Holland is well aware of.

L Steed, Matua.


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