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New 4G spectrum looks pricey, warns 2degrees
By Pattrick Smellie Sept. 5 (BusinessDesk) – Mobile phone operator 2degrees is questioning the government’s minimum reserve price of $198 million for new fourth generation (4G) mobile spectrum, saying it’s well above prices being paid for existing spectrum. Communications Minis...
NZ dollar jumps on global growth optimism; demand wanes for safe haven currencies
By Tina Morrison Sept. 5 (BusinessDesk) – The New Zealand dollar surged on optimism global economic growth is recovering and as safe haven currencies declined in light of no imminent western military action in Syria. The kiwi jumped to 79.07 US cents at 8am in Wellington from 7...
Tenon beefs up credit line with US$70 mln banking facility
Sept. 5 (BusinessDesk) - Tenon, the wood mouldings company controlled by former Fletcher Challenge unit Rubicon, boosted its funding lines, signing up to a bigger banking facility as it seeks to cash in on the US housing recovery. The Auckland-based company signed a five-year,...
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