Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Buying anything on Amazon? Please use the Geekzone Amazon aff link.




20366 posts

Uber Geek
+1 received by user: 1917

Moderator
Trusted
Biddle Corp
Subscriber

Topic # 30456 9-Feb-2009 12:49 Send private message

For those who aren't aware Vodafone and 3 Australia have just announced a merger and will be joining forces.

There doesn't seem to have been any mention yet or announcement from Telecom as to what this could mean - Telecom NZ own 10% of Hutchinson Australia.

If they are going to be bought out? If so this this could be significant cashflow back into the business. If they are still going to be part of the merged operations then Telecom NZ now own part of Vodafone Australia's business. How ironic!

Create new topic
339 posts

Ultimate Geek
+1 received by user: 1


  Reply # 194890 9-Feb-2009 13:21 Send private message

So Telecom owns 10% of a listed entity worth A$100m (even after its gone up 8% on the merger announcement).  I'm pretty sure that A$10m is not a lot of cash to be released even if Telecom decides to exit.

If they remain as shareholders then they will rank behind Vodafone Australia and Hutchison Whampoa (as significant debtholders) for any dividends or residual value.  I think the only thing Telecom gains from this is, as you rightly point out, the irony.

1420 posts

Uber Geek

Trusted

  Reply # 194900 9-Feb-2009 14:07 Send private message

Even more of a mystery is how this will affect Telstra?

Telstra own 50% of 'Hutchison 3G Australia Pty Ltd', they paid US450M for it in 2004.

Telecom owns 10% of 'Hutchison Communications (Australia) Pty Ltd' the parent company who owns the other half of 'Hutchison 3G Australia Pty Ltd'

So it is sort of a Telstra, Telecom, Vodafone, 3 tie-up.






Twitter - GaryRo
Jama Jam

2359 posts

Uber Geek
+1 received by user: 10

Trusted
Spark

  Reply # 194950 9-Feb-2009 18:25 Send private message

There are a number of issues to think about here including: 

1) Telecom’s 10% stake in Hutchison Telecommunications Australia Ltd (note: this is the parent company of ‘3’ AU)·        

2) 3’s proposed roaming agreement onto Telstra’s W850 is now unlikely to eventuate·        

3) What’s happening to 3’s W2100 network? Talk it 3 customers will be shifted across to the VFAU network, leaving the 3GIS W2100 network (JV between HTAL and Telstra) to Telstra.·        

4) Can VFAU, Telstra, Telecom and HTAL co-exist, if not who will leave first? 



Interesting time's ahead across the ditch!


nzbnw








Create new topic




Twitter »
Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:





Trending now »

Hot discussions in our forums right now:

Spark customers get Lightbox free for 12 months
Created by freitasm, last reply by nyquist on 25-Jan-2015 10:24 (128 replies)
Pages... 7 8 9


Police Speed Campaign - Summer 2014/2015
Created by nzkiwiman, last reply by joker97 on 26-Jan-2015 19:15 (83 replies)
Pages... 4 5 6


Windows 10 News - 22 Jan
Created by Regs, last reply by tdgeek on 27-Jan-2015 06:43 (111 replies)
Pages... 6 7 8


Help me choose a new wagon for the family (and me)
Created by Disrespective, last reply by Disrespective on 24-Jan-2015 12:24 (74 replies)
Pages... 3 4 5


How (not) to run a hotel
Created by MikeAqua, last reply by BTR on 26-Jan-2015 16:06 (68 replies)
Pages... 3 4 5


Negative gearing question?
Created by edwinprakash, last reply by logo on 23-Jan-2015 14:42 (69 replies)
Pages... 3 4 5


Police above the law ?
Created by heylinb4nz, last reply by MikeAqua on 26-Jan-2015 14:27 (116 replies)
Pages... 6 7 8


Best place to buy mid-level laptop with SSD?
Created by SumnerBoy, last reply by joker97 on 26-Jan-2015 14:55 (62 replies)
Pages... 3 4 5



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.

Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.