ComCom scolds Vocus-owned Slingshot for broadband discounts
By Paul McBeth March 28 (BusinessDesk) - The Commerce Commission has warned Vocus Group-owned broadband provider Slingshot over an online ad campaign offering a 10 percent discount for customers who bundled power with internet services. The regulator said the retailer prob...
Govt 8-mth surplus bigger than expected as less spending offset lower corporate tax take
By Paul McBeth March 28 (BusinessDesk) - The government's eight-month operating surplus was bigger than expected, primarily because it didn't spend as much as it anticipated, which helped offset a smaller company tax take than forecast. The operating balance before gains a...
Chorus takes stab at unbundled fibre pricing
By Paul McBeth March 28 (BusinessDesk) - Chorus is warning the broadband industry not to expect the level of savings from unbundling fibre services that were achieved on the copper network. The network provider today proposed a lower monthly price for retail broadband firms...
MARKET CLOSE: NZ shares surge as rate cut prospect buoys yield plays; Mercury, Meridian hit records
By Paul McBeth March 27 (BusinessDesk) - New Zealand shares got an unexpected boost after the Reserve Bank's warning that it may cut interest rates stoked demand for companies with stable dividends. Utilities Meridian Energy and Mercury NZ hit records. The S&P/NZX 50 Index...
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