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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...
APN ends shocker year with more masthead value write-downs
By Pattrick Smellie Feb 21 (BusinessDesk) - Beleaguered APN News & Media, the Australasian publisher of the New Zealand Herald, has increased write-downs on the value of goodwill and its newspaper mastheads in its end of year result, to produce a net loss to Dec. 31 to A$455.8 m...
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