A contribution to Aotearoa through Māori investment in telecommunications. MAHI TAHI EDNZ CONFERENCE WAITANGI 19 October 2018

Transcription

1 A contribution to Aotearoa through Māori investment in telecommunications MAHI TAHI EDNZ CONFERENCE WAITANGI 19 October 2018

2 Sir Graham Latimer Māori Spectrum Trust Bill Osborne Mavis Mullins

3 Eric Hertz launched Offshore investment New jobs Consumer benefit Connections

4 Māori determination to Survive as a People

5 Archbishop Vercoe and Rev. Māori Marsden Māori worldview Rev. Māori Marsden Māori knowledge continuum Kaupapa tuku iho inherited values Tikanga practices, actions, arrangements

6 Kaupapa tuku iho / Inherited values Kaupapa English Translation Option Kaupapa English Translation Option Kaitiakitanga Stewardship Whanaungatanga Relationships Rangatiratanga Chieftainship Ūkaipōtanga Home Manaakitanga Generosity Kotahitanga Unity Pūkengatanga Knowledge Wairuatanga Spirituality Whakapapa Genealogy Te Reo Language

7 Māori economic theory Professor Whatarangi Winiata: Two-part statement on Māori enterprise and investment behaviour: That Maori will either a) seek to maximise the expression of kaupapa subject to financial constraints, or b) maximise the creation of financial wealth subject to the expression of inherited values.

8 Article 2 Te Tiriti o Waitangi 1999 finding that the spectrum is a taonga under Article 2 The Crown then: 1. Set aside development right over 25% of 3G spectrum 2. Māori to enter into viable contract with a commercial partner 3. A charitable Trust to be established 4. $5m grant from the Crown 5. Cash to be used to purchase spectrum management right

9 Sir Graham Latimer Ngāti Kahu Founding Trustee Inaugural Chairman Patron

10 Our Partners CVP Capital Venture Partners

11 Te Huarahi Tika Three key goals for the Trust are, to: develop capacity within Māori to successfully participate in the knowledge economy and in particular in the information and telecommunications technology sectors. assist Māori to have access to and the skills to use modern communications platforms, global information systems and telecommunication sector investment opportunities, no matter where they choose to live and work in New Zealand. provide an investment stake for Māori in the telecommunications sector.

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13 Kaupapa-tikanga framework Kaupapa Tikanga Evidenced by Kaitiakitanga To assist with the design, implementation and Engagements with Board and senior Stewardship monitoring of 2D s systems to maximise the value of management the company. Supporting license renewals Maori spectrum underpinning cellular network acknowledgement of the taonga Rangatiratanga Chieftainship Contributions to the public purse To negotiate Maori representation on the Board of Directors Attracting overseas investment Lobbying and advocating to government on behalf of the company Exhibit leadership in the industry PAYE, levies and GST paid amounting to $28.5m for 2016/17 period No. of Board seats $484m Submissions and meetings with Ministers, ability to influence policy and regulatory framework No. of members on industry boards, panels and advisory groups

14 Kaupapa-tikanga framework Kaupapa Tikanga Evidenced by Manaakitanga Generosity Whakapapa Genealogy Whanaungatanga Familiness To establish new employment opportunities with emphasis on Maori employment To recommend support for major Maori events Provision of telecommunications services Consumer savings Establishment of Iwi Connect programme Including Tuaropaki and Wairarapa Moana as Maori investors To acknowledge that all Maori are related To share values with fellow shareholders 1169 jobs created, 34 Maori in employment Payroll of $89.3m Sponsor of Te Matatini and multiple regional events Trading revenues $712m (2016/2017) $1.36b within first three years of operation No. of iwi registered (Ngati Raukawa, Ngati Kahungunu, Ngati Porou, Ngati Whatua to date) Engagement with Alaskan and other shareholder representatives

15 Kaupapa-tikanga framework Kaupapa Tikanga Evidenced by Ūkaipōtanga Home Pūkengatanga Knowledge Wairuatanga Spirituality To create a sense of belonging and value for all employees To provide Maori with a sense of having enhanced the well being of the nation through its investment To support 2-degrees staff, management and governance in marae and other Maori situations Investment in property and equipment To support Maori development and skills development IT scholarships at AUT Accelerator Aotearoa secondary school cadetships To enhance spiritual wellness and purpose Providing a sense of pride and satisfaction for Maori Employee share programme Regular reporting of consumer savings and contributions No. of engagements $78.9m (2016/17) contributing total book value of $305.9m No. of cadets and trainees No. of scholarships No of scholarships Over 1.4m consumers connected Annual reporting of activity, branding and promotions

16 Kaupapa-tikanga framework Kaupapa Tikanga Evidenced by Kotahitanga Unity Purchases of local goods and services To enhance unity within the community Working with Huawei Working with Alaskan investors $594.7m (2016/17) Funding events Releases of new devices and technologies Increased joint investments made Te reo Reo Smartphone Use of Maori branding and language Sponsorship of Te Matatini, national kapa haka competition No. of devices sold, quality of the language No. of advertisements, no. of Maori connected Value of sponsorship

17 Conclusion