Buyer interest in Orcon heats up with announcement due in 'coming weeks', Kordia says

Mon, 11 Mar 2013

By Paul McBeth March 12 (BusinessDesk) - Orcon, the internet service provider owned by state-owned Kordia, has attracted "intensified" buyer interest in recent months and an announcement is expected to be made in "coming weeks". Kordia, which rolled Orcon into its network business last year, has been in talks with several parties for a potential sale of the ISP, it said in an emailed statement. The merged unit was dubbed Kordia New Zealand, headed up by Orcon boss Scott Bartlett, and accounted for 40 percent of the group's revenue. The ISP co...

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