Vocus NZ could fetch A$660 million in 2021 float

Vocus NZ could fetch A$660 million in 2021 float
Henry Burrell
Vocus NZ could raise as much as A$660 million when its Australian parent floats New Zealand's fourth-biggest broadband service provider next year, say Jarden analysts.In a note to clients, Jarden today said it expected the initial public offering to focus on Vocus NZ’s infrastructure assets within its Enterprise & Wholesale arm, despite its presence in NZ as the country’s fourth largest consumer telco.Jarden currently values Vocus NZ at A$416 million, or 66 Australian cents a share, but predicts the company will use its fibr...

More Technology

Spark reports profit drop of 4.8%
Markets

Spark reports profit drop of 4.8%

But telco has reaffirmed its full-year guidance. 

ASB's Shortt: Move beyond 'investing to survive'
Finance

ASB's Shortt: Move beyond 'investing to survive'

The ASB CEO says businesses have been in 'investing to survive' mode.

AI is exploding data centre energy use: A Google-created technique may help
Technology

AI is exploding data centre energy use: A Google-created technique may help

There’s an urgent need to figure out how to run data centres on carbon-free energy.

Bloomberg 27 Feb 2024
NZ leaving billions on the table with lack of tech adoption
Technology

NZ leaving billions on the table with lack of tech adoption

 A new report highlights how this country can catch up, increasing GDP by 2.08% a year.

Ben Moore 23 Feb 2024