TeamTalk puts off CityLink fibre capex in Powerco, Wgtn Cable Car deals

Thu, 11 May 2017

By Paul McBeth May 12 (BusinessDesk) - TeamTalk expects to have more cash on hand after reaching two deals to slim down and put off major capital spending on its CityLink fibre network. The Wellington-based telecommunications company has signed agreements with lines company Powerco and Wellington City Council-owned Wellington Cable Car Ltd that will reduce its expected capital expenditure needed for the CityLink fibre network in the capital city, and push out that spending for a couple of years. The Powerco deal grants will see CityL...

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