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Juha
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Topic # 8675 20-Jul-2006 12:56
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Reply # 42036 20-Jul-2006 13:12
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Interesting, it would be a good way for Vodafone to enter the Broadband Market. Still I wonder what the consequences of such a move would be, if Vodafone where to buy up more ISP's than just Ihug? Perhaps we will have a similar situation as we currently have with Mobile in this country, although Telstra say they are on the way. Will it be the big 3?



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Reply # 42037 20-Jul-2006 13:21
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I wonder if they're still up for that $20 million investment in DSLAMS if unbundling occurred?




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Juha
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  Reply # 42038 20-Jul-2006 13:25
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Be very surprised if the $20m are still there...




BDFL - Memuneh
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  Reply # 42040 20-Jul-2006 14:22
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Just received this press release from Orcon:

Orcon looks to purchase ihug


Orcon Internet is excited about the potential to create a Kiwi-owned, number two player in the New Zealand telecommunications market through the acquisition of Australian-owned ihug.

Today’s announcement from iinet that the ihug business is up for sale, follows months of talks between Orcon and iinet management about the future of their New Zealand operation.
 
“We have been actively pursuing a purchase of ihug for some time now.  I’m pleased to see that the iinet board has taken on some of our proposals, and offered to place the business on the market.” Says Orcon’s General  Manager of Operations and Regulatory Scott Bartlett.
 
“ihug was a real New Zealand business success story before its ownership went offshore, this sale process gives us an opportunity to create a 100% Kiwi-owned telecommunications provider, with the scale and the resources to take on the foreign owned incumbents.”
 
Orcon has grown from a garage based one-man-operation, to a full service telecommunications company; and like ihug has been active in the pursuit of better broadband for all New Zealanders.  Combining these operations would give Orcon the scale to compete more effectively in the broadband market, as well as allow Orcon to leverage the regulatory changes recently announced by the Government. 
 
“Scale in customer numbers and resource is an essential part of making LLU work, so by combining the number three and four players in the market we can deliver faster on the promises LLU holds for better broadband in New Zealand.” Concluded Bartlett.
 
Orcon has sustained a high level of growth over the past 3 years to become NZ's 4th largest ISP. Previously known as a provider of wholesale internet and business connections, Orcon has become a household name in New Zealand.


--- END ---





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  Reply # 42043 20-Jul-2006 14:36
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What is it worth and could Orcon afford it? In fact would you want to pay it?

iiNet payed A$71m in 2003 for ihug which was a mix of A$30.1m in cash and 23m iiNet shares at A$1.75 each.





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Juha
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  Reply # 42044 20-Jul-2006 14:47
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Then again, who would want to buy a provider with mainly unprofitable UBS customers? Be hard to make whatever you're paying back, if you have to resell broadband below cost.




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Reply # 42045 20-Jul-2006 14:50
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What are you talking about? I thought LLU was the panacea these people were waiting for. Now you tell us that it actually creates problems by forcing companies to sell services on a loss?

Wow...







Juha
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  Reply # 42046 20-Jul-2006 14:51
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freitasm: What are you talking about? I thought LLU was the panacea these people were waiting for. Now you tell us that it actually creates problems by forcing companies to sell services on a loss?

Wow...



UBS isn't the same as LLU...




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Reply # 42047 20-Jul-2006 14:53
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Juha
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  Reply # 42048 20-Jul-2006 15:01
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Looks like a firesale of assets by iiNet... it's not ihug per se "leaving the field".

That said, I never thought reselling crippled broadband as a loss-leader product was a good business model. I know the idea was to build up customer bases and hope for the best but still, seems like madness.






Juha
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  Reply # 42049 20-Jul-2006 15:21
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And.... Orcon's press release just now looks like it was pure fluff for attention only. Here's the new one:



See below for amendment to original media release. This is to clarify that we have discussed the future of ihug with iinet but have not been actively engaging in talks to purchase.

For Immediate Release

Orcon looks to purchase ihug

Orcon Internet is excited about the potential to create a Kiwi-owned, number
two player in the New Zealand telecommunications market through the
acquisition of Australian-owned ihug.

Today’s announcement from iinet that the ihug business is up for sale, follows
several discussions in which Orcon inquired about the future of their New Zealand
operation.
 
“We have been pursuing a purchase of ihug for some time now.  I’m pleased to see
that the iinet board has taken on some of our proposals, and offered to place the
business on the market.” Says Orcon’s General  Manager of Operations and Regulatory
Scott Bartlett.
  
“ihug was a real New Zealand business success story before its ownership went
offshore, this sale process gives us an opportunity to create a 100%
Kiwi-owned telecommunications provider, with the scale and the resources to
take on the foreign owned incumbents.”
  
Orcon has grown from a garage based one-man-operation, to a full service
telecommunications company; and like ihug has been active in the pursuit of
better broadband for all New Zealanders.  Combining these operations would
give Orcon the scale to compete more effectively in the broadband market, as
well as allow Orcon to leverage the regulatory changes recently announced by
the Government.  
  
“Scale in customer numbers and resource is an essential part of making LLU
work, so by combining the number three and four players in the market we can
deliver faster on the promises LLU holds for better broadband in New Zealand.”
Concluded Bartlett.
  
Orcon has sustained a high level of growth over the past 3 years to become
NZ's 4th largest ISP. Previously known as a provider of wholesale internet and
business connections, Orcon has become a household name in New Zealand.
 
ENDS
  
For more information please contact,
  
Scott Bartlett
 General Manager - Operations and Regulatory Affairs
 Orcon Internet Ltd
 DDI - 09 487 2708
 MOB – 021 366 662







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  Reply # 42058 20-Jul-2006 17:58
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And now Vodafone:

VODAFONE WELCOMES TELSTRACLEAR INTO MOBILE MARKET


Vodafone NZ today welcomed TelstraClear’s plans to enter the mobile market with the announcement of its Unplugged service, to be launched in Tauranga next year.

CEO Russell Stanners says Vodafone is encouraged to see a third player investing in mobile infrastructure.  

“TelstraClear’s $50 million investment, coupled with Vodafone’s ongoing commitment to invest in its 3G network to provide local calling and broadband services, is a positive step for New Zealand’s mobile market.

“This is an exciting time for the industry. TelstraClear’s new service highlights where mobile is heading, allowing customers to use their phone as a mobile, home phone and for broadband,” Stanners says.

He says the fact TelstraClear is using W-CDMA 3G (Wideband CDMA) for its service is an excellent endorsement of Vodafone’s technology.

“W-CDMA 3G allows consumers access to a variety of services from their mobile. This includes video calling,  and mobile TV and downloading music. It also offers 3G datacards, giving laptop users immediate access to internet, email and office applications and 3G mobile broadband.”

Stanners says TelstraClear’s service is a clear indication the market is open to new entrants and further regulation of the industry to increase competition is not needed.

TelstraClear is a long-term partner of Vodafone as a reseller of its mobile products.

ENDS






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Reply # 42059 20-Jul-2006 18:03
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Ooops. I apologise. My last reply wasn't obiviously aimed at this thread. Thanks to Juha for pointing this out to this poor old geek.





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  Reply # 42069 20-Jul-2006 18:56
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A brief observation.
It was not that very long ago that Iinet had temporarily ceased trading on the Aussie Stock exchange.
What does this tell you-if anything




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  Reply # 42099 20-Jul-2006 23:54
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psychrn: A brief observation.
It was not that very long ago that Iinet had temporarily ceased trading on the Aussie Stock exchange.
What does this tell you-if anything


Nothing, iiNet have bigger fish than a NZ bb service.  They've got real issues in the AU market that they need to step up to.

Cheers Don




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