Infratil updates on Console Connect

TRANSACT
Thu, Oct 31 2024 02:11 pm

In July 2023, Infratil announced that it had entered into a conditional agreement with HKT Trust and HKT Limited to establish a strategic partnership to accelerate the growth of the Hong Kong-based Console Connect global connectivity business.

Completion of the partnership was subject to the satisfaction of certain conditions precedent. These conditions have not been satisfied within the agreed timeframes. As a result, the parties’ decided not to proceed with the transactions contemplated by the conditional agreement, which will terminate.

Infratil CEO, Jason Boyes said “We remain positive about the global connectivity sector, particularly next-generation software defined interconnection platforms like Console Connect has developed. We will continue to explore the sector.”


Enquiries should be directed to:

Mark Flesher
Investor Relations
Email: [email protected]


Authorised for release by:

Brendan Kevany
Infratil Company Secretary


Announcement PDF


Markets News

NZ sharemarket rises on back of positive news
Markets Market close

NZ sharemarket rises on back of positive news

The S&P/NZX 50 Index closed at 13,041.9, rising 276.66 points or 2.17%

Graham Skellern 22 Nov 2024
Property

Oceania shrinks footprint, prioritises balance sheet

Oceania has divested four aged care facilities in the space of six months.

Gregor Thompson 22 Nov 2024
Oceania shrinks footprint, prioritises balance sheet
Retail

The Warehouse’s plan to come back ‘with a vengeance’

Executives face tough questions at the retailer’s AGM.

Victoria Young 22 Nov 2024
The Warehouse’s plan to come back ‘with a vengeance’