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Chorus open-minded on owning mobile network assets
Infrastructure

Chorus open-minded on owning mobile network assets

Chorus is keeping an open mind about investing in mobile network assets as the 5G internet revolution approaches, but is not commenting on analysis suggesting it could be a buyer for assets built by New Zealand's third-largest mobile player, 2Degrees."There is increasing converge...

Pattrick Smellie 31 Oct 2019
Freightways buys Big Chill Distribution for at least $117m
Listed Companies

Freightways buys Big Chill Distribution for at least $117m

Freightways will have something to talk about at tomorrow's annual meeting after it announced a $117 million acquisition of Bill Chill Distribution, which operates a fleet of more than 200 refrigerated trucks and trailers. The NZX-listed courier and information management company...

Paul McBeth 30 Oct 2019
Serko soars on booking.com backing; WDT seeks capital
Markets

Serko soars on booking.com backing; WDT seeks capital

Serko shares jumped 29 percent when trading resumed after institutional investors clamoured to buy into the travel management software developer after it emerged booking.com's owner was backing the firm. The shares rose 98 cents to $4.40 with 4.5 million shares traded at 3pm, wel...

Paul McBeth 25 Oct 2019
Serko brings in booking.com in $45m capital raising
Listed Companies

Serko brings in booking.com in $45m capital raising

Serko said it plans to raise $45 million of new capital to fast-track the roll-out of its Zeno travel management platform and will bring the booking.com website owner into the fold as a cornerstone shareholder. Booking Holdings will end up with a 4.7 percent stake in Serko and in...

Paul McBeth 24 Oct 2019