Infrastructure
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Infrastructure
UPDATE: WEL reviewing capital structure of fibre business
(Adds company comment from fourth paragraph.) By Gavin Evans Aug. 23 (BusinessDesk) - Aug. 23 (BusinessDesk) - WEL Networks is reviewing the capital structure of its Ultrafast Fibre subsidiary. The Hamilton-based network operator owns 85 percent of UFF in partnership wit...
Infrastructure
WEL reviewing capital structure of fibre business
By Gavin Evans Aug. 23 (BusinessDesk) - WEL Networks is reviewing the capital structure of its Ultrafast Fibre subsidiary. The Hamilton-based network operator owns 85 percent of UFF in partnership with neighbouring power distributor Waipa Networks. WEL offered no immedia...
Infrastructure
TIL lifts operating earnings, watching for slowdown
By Gavin Evans Aug. 23 (BusinessDesk) - TIL Logistics says it is watching business confidence and the broader economy closely after noting a slowdown in the June quarter. The trucking and warehousing business reported 7 percent growth in adjusted full-year operating earning...
Infrastructure
Vector profit slides 44% on struggling HRV writedown
By Paul McBeth Aug. 23 (BusinessDesk) - Vector reported a 44 percent slide in annual profit as the lines company wrote down the value of its HRV home ventilation unit, which has failed to fire since it was bought in 2017. Operating earnings were in line with expectations an...
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Oliver Lewis
Infrastructure Editor
Oliver Lewis won the local government reporting category at the 2023 Voyager Media Awards. He is part of our investigations unit and also covers infrastructure, housing and employment issues. Formerly with Stuff/The Press, Oliver has also written for the Guardian and North & South.
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