Infrastructure
Explore the latest infrastructure news by BusinessDesk.
Govt ditches 5G auction, opts for direct allocations
The government has given up on a planned auction of radio spectrum to get 5G up and running as soon as possible, and will instead offer allocations to Spark New Zealand, Two Degrees Mobile and wholesaler Dense Air. The government had planned to auction the early access 3.5 gig...
WEL, Waipa sell fibre business for $854M
WEL Networks has agreed to sell its stake in Ultrafast Fibre as part of a strategy to increase investment in its core electricity network and new energy options.
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Coronavirus
Z mothballs biodiesel plant, eyes 'shakeout' opportunity
Z Energy has stopped production at its Wiri biodiesel plant while it considers options to make the operation viable. The plant, designed to make 20 million litres of fuel from tallow annually, is being placed in “hibernation” while the firm looks at alternatives, including usi...
Coronavirus
Z Energy to raise $350m as covid, writedowns slash earnings
Z Energy plans to raise up to $350 million to reduce debt and stabilise the business for a tough year ahead.The firm, which today reported a 75 percent drop in full-year net profit, plans to raise $290 million by offering almost 106 million shares through a placement at a floor p...
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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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