TeamTalk keeps dividends on hold, ploughs earnings growth into network upgrades

Wed, 22 Aug 2018

By Paul McBeth Aug. 23 (BusinessDesk) - TeamTalk shares fell 2.2 percent after the company said it will reinvest earnings growth into network upgrades during the next two years. The Wellington-based telecommunications provider had considered resuming dividend payments after the sale of its rural internet services provider Farmside to Vodafone New Zealand last year generated enough cash to repay debt and shore up the balance sheet. That plan's been put on hold while TeamTalk rolls out a new digital radio network across the country and upg...

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