Vocus to refresh Orcon as CallPlus acquisition boosts NZ earnings

Wed, 23 Aug 2017

By Paul McBeth Aug. 23 (BusinessDesk) - ASX-listed Vocus Group plans to refresh local broadband provider Orcon in a bid to get more out of its New Zealand consumer businesses facing skinnier margins in the face of tough competition. Sydney-based Vocus more than doubled underlying earnings before interest, tax, depreciation and amortisation from its New Zealand division to $60.9 million on a 126 percent jump in revenue to $342 million after a merger with rival M2 Group last year brought the CallPlus, 2talk, Orcon, Slingshot and Flip busin...

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