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.



19267 posts

Uber Geek
+1 received by user: 1142

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
338 posts

Ultimate Geek


  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

2333 posts

Uber Geek
+1 received by user: 4

Trusted

  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:




News »

Trending now »
Hot discussions in our forums right now:

Does acupuncture work?
Created by timmmay, last reply by geekiegeek on 30-Jul-2014 13:48 (27 replies)
Pages... 2


Logitech K400r HTPC Cordless Keyboard Half Price
Created by Dynamic, last reply by Blanch on 28-Jul-2014 22:16 (25 replies)
Pages... 2


2010 Honda Jazz, Suzuki Swift - which has higher maintenance cost?
Created by joker97, last reply by joker97 on 30-Jul-2014 17:40 (65 replies)
Pages... 3 4 5


Checking UHF aerial is working
Created by OnceBitten, last reply by B1GGLZ on 28-Jul-2014 21:49 (21 replies)
Pages... 2


2 x PS4s to give away. Geekzone members only.
Created by BigPipeNZ, last reply by dineshnaik on 30-Jul-2014 18:18 (58 replies)
Pages... 2 3 4


VF, why you lie to me?
Created by kenkeniff, last reply by johnr on 30-Jul-2014 12:27 (54 replies)
Pages... 2 3 4


Hierarchy of a mistake: Gerry Brownlee
Created by joker97, last reply by DonGould on 29-Jul-2014 21:57 (93 replies)
Pages... 5 6 7


"keyless" keys - questions
Created by joker97, last reply by joker97 on 30-Jul-2014 10:39 (34 replies)
Pages... 2 3



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.