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Media merger rejection "not difficult at all", says outgoing ComCom boss
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Media merger rejection "not difficult at all", says outgoing ComCom boss

By Pattrick SmellieJune 11 (BusinessDesk) - Rejecting the proposed merger between New Zealand news publishers NZME and Stuff was “not one of the most difficult decisions at all” for Mark Berry in his 10 years at the helm of the Commerce Commission.Speaking to BusinessDesk as he p...

Pattrick Smellie 10 Jun 2019
MyRepublic warned for failing to hand over info for telco levy
Services

MyRepublic warned for failing to hand over info for telco levy

By Paul McBeth June 10 (BusinessDesk) - The Commerce Commission has publicly warned MyRepublic for failing to give it the right information on time to work out the internet service provider minnow's share of the $50 million Telecommunications Development Levy.  Telecommunic...

Paul McBeth 09 Jun 2019
Mercury eyes $300M capital bond offer to refinance existing notes paying 6.9%
Services

Mercury eyes $300M capital bond offer to refinance existing notes paying 6.9%

By Paul McBeth June 7 (BusinessDesk) - Mercury NZ plans to raise up to $300 million of subordinated capital bonds, which it will use to refinance an equal amount of listed debt currently paying 6.9 percent interest.  The electricity generator and retailer said it plans to s...

Paul McBeth 06 Jun 2019
Govt ready and willing to fill the gap on digital services tax if OECD solution fails
Services

Govt ready and willing to fill the gap on digital services tax if OECD solution fails

By Paul McBeth June 4 (BusinessDesk) - The government is concerned that a concerted international effort to ensure multinational digital firms pay their fair share of tax will fail, so will decide this year on whether to go it alone as an interim measure.  Ministers Grant R...

Paul McBeth 04 Jun 2019