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Ericsson to open manufacturing plant in Wellington
Feb. 21 (BusinessDesk) - Swedish telecommunications giant Ericsson is to open a new manufacturing facility in Wellington, helping to offset a wave of job losses announced for the capital in recent weeks. The firm, which is a supplier to the government-backed ultra-fast broadband...
4G spectrum auction in third quarter, no iwi allocation
Feb. 21 (BusinessDesk) - The government will auction allocations for the radio spectrum band being set aside for fourth-generation, or 4G, mobile phones in the third quarter of the year, but won't have a sweetener for iwi. Communications Minister Amy Adams said the auction proc...
AMI underpins 40 percent lift in IAG's New Zealand premium revenue
By Paul McBeth Feb 21 (BusinessDesk) - Insurance Australia Group's $380 million purchase of the beleaguered AMI Insurance helped boost the firm's New Zealand premium revenue by 40 percent in its first half. The New Zealand unit, the country's biggest underwriter across the NZI...
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