Technology

Vocus NZ could fetch A$660 million in 2021 float

Henry Burrell
Fri, 20 Nov 2020

Vocus NZ could fetch A$660 million in 2021 float

Henry Burrell
Fri, 20 Nov 2020

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...

Unlock all stories
free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
Comprehensive business and markets coverage
News via email, web and Apple/Android apps

Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Find out more

Subscribe now

Name

E-Mail Address

Password

Confirm Password

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Cardholder's Name

Card

You will be charged in 10 days unless you cancel beforehand. We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service {{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Or Subscribe with Google

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets Market close

NZ shares slide on recession risk

Dan Brunskill | Tue, 17 May 2022

Central banks are expected to rapidly tighten policy, the risk of an energy crisis in Europe remains, and economic activity in China has been slowing.

Markets

BitPrime calls on crypto community for cash

Dan Brunskill | Tue, 17 May 2022

The crypto retailers plan to create a decentralised autonomous organisation to give supporters a say in how the business is run.

Technology

Tracksuit a good fit for brand tracking

Ben Moore | Tue, 17 May 2022

Startup Tracksuit is simplifying brand tracking as digital marketing faces the death of online tracking.

Vocus NZ could fetch A$660 million in 2021 float

Subscribe now

Or Subscribe with Google

Not convinced yet?

Your company has a subscription

Team