Kordia offloads Australian contracting arm to Ventia

Kordia offloads Australian contracting arm to Ventia
Chief executive Shaun Rendell is focusing Kordia's future on the cloud and cybersecurity. (Image: Supplied)
Henry Burrell
Kordia Group plans to sell Kordia Solutions Australia (KSA), its communications infrastructure business, to the Australian infrastructure service provider Ventia.The sale is subject to standard conditions and regulatory approval and is expected to be completed later this year.“The strategy of focusing back more in the cyber, in the cloud and the connectivity space is the right strategy for us as an organisation,” Kordia Group chief executive Shaun Rendell told BusinessDesk.A strategic review of state-owned Kordia’s portfolio l...

More Technology

Researchers push-testing AIs for nightmare scenarios
Technology

Researchers push-testing AIs for nightmare scenarios

Analysts seek to determine which AI, if any, is capable of doing superhuman harm.

It’s not just TikTok. The world uses lots of Chinese tech
Technology

It’s not just TikTok. The world uses lots of Chinese tech

The US can’t and won’t ban every technology from China. So now what?

Chorus' four-year revenue cap set at $4.1b
Markets

Chorus' four-year revenue cap set at $4.1b

ComCom says it has saved consumers $172.6m over the past four years.

Staff reporters 13 Dec 2024
FMA to oversee ‘regulatory sandbox’ for fintechs
Finance

FMA to oversee ‘regulatory sandbox’ for fintechs

The initiative aims to speed up financial services innovation and regulation in NZ.

Ben Moore 12 Dec 2024