Vector announces strategic review for its fibre business

Vector (NZX:VCT) advises that it is undertaking a strategic review of its fibre business and has appointed Barrenjoey Capital Partners to assist in this process. 

Vector Fibre builds and manages data network solutions for businesses predominantly in Auckland, including major businesses, government entities and some leading channel partners.  

There is no certainty that the strategic review will result in any transaction, nor if a transaction were to occur, its terms or the transaction value achieved. 


ENDS


Investor contact
Jason Hollingworth, Chief financial officer
[email protected] 021 312 928

Media contact
Jane Luscombe, GM PR and communications
[email protected] 021 76 79 70


About Vector
Vector is an innovative New Zealand energy company, delivering energy and communication services to more than 630,000 residential and commercial customers across New Zealand. Vector has a leading role in creating a new energy future through its Symphony strategy which puts customers at the heart of the energy system. Vector is listed on the New Zealand Stock Exchange with ticker symbol VCT. Our majority shareholder, with voting rights of 75.1%, is Entrust. For further information, visit www.vector.co.nz.

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Announcement PDF