Australia's Vocus puts Kiwi business up for sale

Paul McBeth
Mon, 23 Oct 2017

By Paul McBeth Oct. 24 (BusinessDesk) - ASX-listed Vocus Group plans to sell its New Zealand assets, which include the Orcon and CallPlus retail businesses, by the end of June next year.  Sydney-based Vocus yesterday said the board has decided to sell the New Zealand assets and was in the final stages of appointing an adviser with a view to wrapping up a sale by the end of the financial year on June 30, 2018. The telecommunications group wrote down the value of its assets by A$1.47 billion in the June 2017 year after rapid expansion th...

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