Telco Vital still has work to do

Vital is working through a turnaround strategy. (Image: Freepik)

Tue, 22 Oct 2024

Telecommunications company Vital says work to turn around the company is bearing fruit, although financial results are still falling short of where it wants to be. At its annual shareholder meeting on Oct 22, chief executive Jason Bull reported that recent sales gains had been overshadowed by increased fibre relinquishments, especially in the small to medium business market. That highlighted the tough economic conditions and increased cost-consciousness from its customers, particularly in the Wellington market. Vital was steadily...

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