TeamTalk shareholders to vote on Farmside sale next month

Mon, 27 Mar 2017

By Paul McBeth March 28 (BusinessDesk) - TeamTalk shareholders will vote on a plan to sell a controlling stake in its Farmside internet services provider to Vodafone New Zealand next month, in a deal which is expected to substantially reduce the telecommunication minnow's debt levels. The company will hold a special meeting on April 12 in Wellington where shareholders will be asked to approve the transaction which will see Vodafone buy of 70 percent of Farmside for $10 million and hold an option to purchase the remaining shares at any ti...

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