Vocus NZ makes inroads in broadband

Vocus NZ makes inroads in broadband
Paul McBeth
Vocus New Zealand made inroads into the gap between it and the major broadband players as it lifted first-half earnings 6 percent. The country’s third-largest retailer service provider operates the Slingshot, Orcon and Flip brands. It lifted its fibre broadband customer numbers 45 percent to 123,000 in the six months ended Dec. 31 from a year earlier, more than offsetting the 25 percent decline in copper customers to 82,000. Overall, broadband customers were up 6 percent at 204,000, and Vocus lifted its fibre market share to 14 percent fr...

More Retail

E-commerce deal website GrabOne ceases trading
Retail

E-commerce deal website GrabOne ceases trading

E-commerce deal website GrabOne has ceased trading after its owner went into liquidation on Thursday.Daniel Stoneman and Neale Jackson of Calibre Partners were appointed liquidators of Global Marketplace New Zealand Limited, which operates the GrabOne business in NZ.GrabOne’s web...

Trade Me payment changes anger professional sellers
Retail

Trade Me payment changes anger professional sellers

The move has sparked anger and complaints.

Andy Macdonald 15 Oct 2025
ANZ alternate capital review proposal unveiled
Finance

ANZ alternate capital review proposal unveiled

The bank argues its proposal would cut borrowing costs by 11 basis points.

Andy Macdonald 13 Oct 2025
Smiths City owes creditors $26.8m
Retail

Smiths City owes creditors $26.8m

The outlook for unsecured creditors of the former retail icon Smiths City appears bleak, as liabilities have mounted to more than $26.8 million.Liquidators for the century-old retailer stated in their initial report that 240 creditors were owed money by the company, as reported b...

Staff reporters 09 Oct 2025