Vodafone NZ squeezes cheaper deal from Vocus in contract renewal

Mon, 14 Jul 2014

By Paul McBeth July 15 (BusinessDesk) - Vodafone New Zealand, the country's second-biggest internet service provider, has extended its international internet capacity supply contract with ASX-listed Vocus Communications for another two years at a cheaper rate. Sydney-based Vocus, which this month agreed to buy local fibre optic cable network operator FX Networks for $115.8 million, renewed its contract with Vodafone NZ, its largest IP transit customer, with an estimated reduction in annual earnings before interest, tax, depreciation and a...

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