Infratil to take full ownership of One NZ in $1.8b deal

Forums › One NZ (including Farmside) › Infratil to take full ownership of One NZ in $1.8b deal

matisyahu

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#305847 8-Jun-2023 00:31

I haven't seen any posts yet so I thought I might as well post it:

https://www.rnz.co.nz/news/business/491474/infratil-to-take-full-ownership-of-one-nz-in-1-point-8b-deal

Would be interesting to know whether this will impact what things are going on in One NZ.

"When the people are being beaten with a stick, they are not much happier if it is called 'the People's Stick'"

Silvrav

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#3086367 8-Jun-2023 08:51

So more or less a hostile take over? Vote to not renew with vodafone and then buy out the remaining shareholder...one has to wonder if it was worth more or less with vodafone brand...I would guestimate to say its woth less?

Bung

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#3086375 8-Jun-2023 09:25

Silvrav:
So more or less a hostile take over?

The press release doesn't make it obvious that Infratil was the instigator of the take over. Language like "Infratil said it had agreed to buy Brookfield's ownership stake, " sounds a bit like Brookfield wanted out. So far there's nothing from Brookfield spinning their point of view.