Monday, 23 October 2017

NZ’s fourth largest telco, Vocus NZ, put on block by Australian owner

The country’s fourth largest telecommunications company, Vocus New Zealand, which has 192,000 broadband customers, will be put on the market by its Australian owner.

Vocus NZ owns the Slingshot, Orcon and CallPlus brands as well as network company FX, supplies electricity to about 9000 homes and businesses, and resells a mobile service to 21,000 people.

Changes of ownership are nothing new to many Vocus NZ customers.

However, there have been suggestions that this time round one of its larger rivals, Spark, Vodafone or 2degrees, could emerge as a prospective buyer, potentially reducing competition in the broadband market.

READ MORE
Spark forecasts broadband shake-out
Profit forecast cut for fourth-largest telco
Slingshot owner says new mobile rules needed to ensure ‘fair competition’

Spark chief executive Simon Moutter forecast in August that “something will have to give” in the broadband market because of intense competition, rising wholesale costs and low margins.

from Ellie NZ Rss http://www.stuff.co.nz/business/industries/98153628/NZs-fourth-largest-telco-Vocus-NZ-put-on-block-by-Australian-owner




from
https://ellieplume83.wordpress.com/2017/10/23/nzs-fourth-largest-telco-vocus-nz-put-on-block-by-australian-owner/

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