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.


View this topic in a long page with up to 500 replies per page Create new topic
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8
quickymart
11975 posts

Uber Geek

ID Verified

  #2236309 13-May-2019 21:35
Send private message

Couldn't they just retire it and leave the network in place?
Then again, they don't have to pay Chorus anything if the connections are all on their own network, so savings to be made there. Pity they never finished the rollout in Christchurch (or started in Auckland) - but I guess fibre has overtaken cable as a "premium" connection type now.


 
 
 

You will find anything you want at MightyApe (affiliate link).
tdgeek
28931 posts

Uber Geek

Trusted
Lifetime subscriber

  #2236348 14-May-2019 07:21
Send private message

SOLD


tdgeek
28931 posts

Uber Geek

Trusted
Lifetime subscriber

  #2236349 14-May-2019 07:24
Send private message


freitasm
BDFL - Memuneh
77111 posts

Uber Geek

Administrator
ID Verified
Trusted
Geekzone
Lifetime subscriber

  #2236350 14-May-2019 07:25
Send private message

 

VODAFONE GROUP ANNOUNCES SALE OF VODAFONE NEW ZEALAND AND NEW PARTNER MARKET AGREEMENT

 

Vodafone Group Plc (“Vodafone”) announces the sale of 100% of Vodafone New Zealand Limited (“VFNZ”) to a consortium comprising Infratil Limited and Brookfield Asset Management Inc. (collectively referred to as the “Consortium”).

 

The Consortium has agreed to acquire VFNZ for a cash consideration equivalent to an Enterprise Value of NZ$3.4bn (€2.1bn), implying an FY’19 LTM multiple of 7.3x Adjusted EBITDA3 and 16.2x Adjusted OpFCF4.

 

On completion, Vodafone and VFNZ will enter into a Partner Market agreement, which will include use of the Vodafone brand, preferential roaming arrangements, access to Vodafone’s global IoT platform and central procurement function, and a range of services for the business and consumer markets.

 

Nick Read, Chief Executive of Vodafone Group, said: “An important aspect of our strategy is the active management of our portfolio and deleveraging, which this transaction further demonstrates. We have always been proud of our Vodafone New Zealand business, which has a great team, and we look forward to a continued close relationship through our Partner Market agreement.”

 

The Transaction is subject to customary regulatory approvals, with completion anticipated during Vodafone’s 2020 financial year.

 





Please support Geekzone by subscribing, or using one of our referral links: Dosh referral: 00001283 | Sharesies | Goodsync | Mighty Ape | Backblaze

 

freitasm on Keybase | My technology disclosure

 

 

 

 

 

 


  #2236353 14-May-2019 07:31
Send private message

tdgeek:

 

SOLD

 

 

 

 

Hate to pay the trade me success fee on that one.





Ding Ding Ding Ding Ding : Ice cream man , Ice cream man


vexxxboy
4125 posts

Uber Geek


  #2236355 14-May-2019 07:42
Send private message

The Consortium, sounds like it should be in a Bond film





Common sense is not as common as you think.


quickymart
11975 posts

Uber Geek

ID Verified

  #2236360 14-May-2019 08:10
Send private message

So what changes now? Anything? Nothing?



Linux
10537 posts

Uber Geek

Trusted
Lifetime subscriber

  #2236361 14-May-2019 08:13
Send private message

quickymart: So what changes now? Anything? Nothing?

 

Have you read the article? Clearly nothing as the sale goes ahead 2020

 

The Transaction is subject to customary regulatory approvals, with completion anticipated during Vodafone’s 2020 financial year


insane
3172 posts

Uber Geek

ID Verified
Trusted

  #2236366 14-May-2019 08:37
Send private message

That's pretty normal wording. When the company I worked for got acquired by Vocus, changes came about in days despite the final purchase completion taking place a year later. There will no doubt be certain financial performance targets that need to be maintained for them to get their full $3.4B

  #2236368 14-May-2019 08:55
Send private message

I'm wondering if Infratil will want to realise any synergies between its new VFNZ business and its existing investment in TrustPower who are also a major player in the ISP market.


Handsomedan
6241 posts

Uber Geek

ID Verified
Trusted
Subscriber

  #2236373 14-May-2019 09:10
Send private message

PolicyGuy:

 

I'm wondering if Infratil will want to realise any synergies between its new VFNZ business and its existing investment in TrustPower who are also a major player in the ISP market.

 

Are Trustpower an actual ISP, through? Or do they whitelabel someone else's services (i.e. VFNZ or Vocus)? 





Handsome Dan Has Spoken.
Handsome Dan needs to stop adding three dots to every sentence...

 

Handsome Dan does not currently have a side hustle as the mascot for Yale 

 

 

 

*Gladly accepting donations...


tdgeek
28931 posts

Uber Geek

Trusted
Lifetime subscriber

  #2236374 14-May-2019 09:12
Send private message

PolicyGuy:

 

I'm wondering if Infratil will want to realise any synergies between its new VFNZ business and its existing investment in TrustPower who are also a major player in the ISP market.

 

 

Guaranteed. Synergies will help, but all on one bill for mobile, BB, power, Sky, thats quite a customer convenience. Maybe Spark should become a power provider as well


Zepanda66
533 posts

Ultimate Geek


  #2236376 14-May-2019 09:17
Send private message

Linux:

 

quickymart: So what changes now? Anything? Nothing?

 

Have you read the article? Clearly nothing as the sale goes ahead 2020

 

The Transaction is subject to customary regulatory approvals, with completion anticipated during Vodafone’s 2020 financial year

 

 

 

 

I'm confused the stuff article gets a little more specific. Saying end of August.

 

 

 

 

He expected the deal, which is subject to approval by the Overseas Investment Office and the Commerce Commission, would be completed by the end of August.

 

 

 

https://www.stuff.co.nz/business/112669368/vodafone-nz-sold-for-34b?





http://www.speedtest.net/result/7315955530.png


wellygary
7565 posts

Uber Geek


  #2236378 14-May-2019 09:22
Send private message

PolicyGuy:

 

I'm wondering if Infratil will want to realise any synergies between its new VFNZ business and its existing investment in TrustPower who are also a major player in the ISP market.

 

 

According to Infratil T/Power have a 5% share of fixed connections, so its probably a stretch to call them a major player.(although once you get past the big 3 , 5% is one of the larger minnows,

 

In fact the ownership of Trustpower makes the takeover a little bit harder as it means it needs Com Com clearance as well as OIO,

 

This is from their investor presentation to the NZX this morning

 

Infratil owns 51% of Trustpower. Trustpower has a 5% fixed broadband market share by connection. Vodafone NZ has a 26% fixed broadband market share by connection. In comparison, Spark is the largest player in the market with 43%, with Vocus and 2degrees 3rd and 4th with 13% and 5% respectively

 

 


Andib
1312 posts

Uber Geek

ID Verified
Trusted

  #2236380 14-May-2019 09:23
Send private message

tdgeek:

 

PolicyGuy:

 

I'm wondering if Infratil will want to realise any synergies between its new VFNZ business and its existing investment in TrustPower who are also a major player in the ISP market.

 

 

Guaranteed. Synergies will help, but all on one bill for mobile, BB, power, Sky, thats quite a customer convenience. Maybe Spark should become a power provider as well

 

 

It's taken them 13 years to get BB and mobile on the same bill so I think power would be a wee while off.





Signing up for Frank Energy? Use my referral and we both get $50 credit.


1 | 2 | 3 | 4 | 5 | 6 | 7 | 8
View this topic in a long page with up to 500 replies per page Create new topic





News and reviews »

One New Zealand Extends 3G Switch-off Date
Posted 11-Apr-2024 08:56


Amazon Echo Hub Review
Posted 10-Apr-2024 18:57


Epson Launches New Versatile A4 Desktop Scanners
Posted 10-Apr-2024 15:31


Motorola Mobility Launches New Android Phones in New Zealand
Posted 10-Apr-2024 14:59


Logitech G Unveils the PRO X 60 Gaming Keyboard
Posted 9-Apr-2024 19:01


Logitech Unveils Signature Slim Keyboard and Combo
Posted 9-Apr-2024 13:33


ExpressVPN Launches Aircove Go Portable Router With Built-in VPN
Posted 26-Mar-2024 21:25


Shure MoveMic Review
Posted 25-Mar-2024 12:47


reMarkable 2 Launches at JB Hi-Fi New Zealand
Posted 20-Mar-2024 08:36


Samsung Galaxy S24 Ultra review
Posted 19-Mar-2024 11:37


Google Nest Wifi Pro Review
Posted 16-Mar-2024 11:28


Samsung Galaxy A55 5G and Galaxy A35 5G
Posted 12-Mar-2024 12:41


Cricut EasyPress Mini Zen Blue launches at Spotlight New Zealand
Posted 12-Mar-2024 12:32


Logitech Introduces MX Brio Webcam
Posted 12-Mar-2024 12:24


HP Unveils Broadest Consumer Portfolio of AI-Enhanced Laptops
Posted 3-Mar-2024 18:09









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.







Backblaze unlimited backup