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Latest business technology news and opinion from BusinessDesk.

Telco execs contend with unrealistic customers
Paul McBeth | Thu, 06 Aug 2020

Telecommunications executives are grappling with how to deliver world-class infrastructure and services to customers who don’t value their firms' products.

Plexure may shift primary listing to ASX
Rebecca Howard | Wed, 29 Jul 2020

Plexure Group is firming up plans for an initial public offering, potentially shifting its primary listing across the ditch. “As the company requires significant capital for its next phase of growth, investigations into a move to the ASX are based on capital availability and s...

IkeGPS to raise $20m to fund US growth
Dan Brunskill | Tue, 28 Jul 2020

Utility measurement firm IkeGPS will raise almost $20 million of equity after winning one of the largest communications infrastructure companies in the United States as a customer. The capital raising will be made up of an institutional placement of approximately 14 million sh...

Telcos criticise Chorus price rise
Victoria Young | Thu, 09 Jul 2020

Broadband retailers have expressed disappointment over Chorus’ plan to increase wholesale broadband prices, saying now is not the time. While it had delayed its usual price hike on March 23 as the country went into lockdown, yesterday Chorus said from October 1 it will impleme...

Rakon shares climb as earnings beat guidance
Paul McBeth | Mon, 29 Jun 2020

Rakon shares rose 9.6 percent after the telecommunications component maker reported better than expected earnings and said the outlook, while murky, was generally positive.The company reported underlying earnings before interest, tax, depreciation and amortisation of $14.8 millio...

Telcos want more from existing networks – Huawei
Paul McBeth | Tue, 02 Jun 2020

The covid-19 outbreak has put the brakes on investing in new 5G mobile telecommunications networks, and operators are trying to get more out of their existing networks. That’s provided a small boon to telecommunications equipment maker Huawei Technologies New Zealand, which is...

Xero's customer resilience will determine near-term future
Jenny Ruth | Tue, 26 May 2020

Xero's immediate future is inextricably tied to how well existing and potential customers in its major markets fare through the coronavirus crisis.

Microsoft steals march on rivals with NZ datacentre plans
Paul McBeth | Wed, 06 May 2020

Microsoft is getting in ahead of its rivals with plans to launch a new datacentre region in New Zealand, paving the way for better local access to cloud services.

IkeGPS to post record revenue
Staff reporters | Tue, 14 Apr 2020

Utilities measurement company IkeGPS said its full year revenue for the year to March 31 was a record $9.8 million and up around 23 percent on the year, while gross margin was approximately $7.1 million in the 12-month period, up around 33 percent on the year.Its total cash and r...


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