News in Brief
News in Brief
Law & Regulation
Telco fined $325k for misleading 'free' roaming claim
Telco 2degrees has been fined $325,000 after admitting it made misleading claims about its “free” Aussie business roaming plans.The Commerce Commission took action last year after claims made by 2degrees in its advertising campaign between 2020 and 2023 created an impression that...
Law & Regulation
Former lawyer pleads guilty to $375,000 fraud
In one instance, she claimed approximately $17,000 using a deceased person’s details.
Tourism
Govt says cost to host 38th America’s Cup was too high
The Government decided not to back Tātaki Auckland Unlimited’s request to support hosting the 38th America’s Cup in Auckland due to cost.“After considering the proposal, ministers decided the estimated cost of $75 million, and possibly more – due to the uncertainty about local go...
Technology
Canadian company buys majority stake in Serato for $116.9m
Canadian technology holding company Tiny has announced a 66% acquisition of DJ software company Serato for US$66 million (NZ$116.9m).Tiny has agreed to acquire the majority stake in Serato, payable through a combination of cash and Class A common shares. The deal valued the compa...
