Econet sells out of NZ Communications!!

Forums › 2degrees (including Slingshot, Orcon, Flip, Stuff Fibre, MyRepublic, 2talk and Vocus) › Econet sells out of NZ Communications!!

scottjpalmer

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#22184 19-May-2008 18:38

http://www.bloomberg.com/apps/news?pid=20601081&sid=ahlJaidcE2gY&refer=australia

http://tvnz.co.nz/view/page/410965/1787055

manhinli

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#131864 19-May-2008 18:45

Only 25%... but it sure is one big chunk!

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scottjpalmer

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#131866 19-May-2008 18:48

According to the article it is the whole of Econet's chunk, leaving 3 other substantial shareholders + Trilogy owning it

manhinli

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#131868 19-May-2008 18:51

scottjpalmer: According to the article it is the whole of Econet's chunk, leaving 3 other substantial shareholders + Trilogy owning it

Looks like you're right:

Other shareholders in NZ Communications are General Enterprise Management Ltd. of Hong Kong with 25 percent, Communication Venture Partners of London with 25 percent, New Zealand's Hautaki Trust with 20 percent and other individuals with 5 percent.

+ 25% for Trilogy.

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scottjpalmer

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#131869 19-May-2008 18:53

Yes everyone can see that for themselves from my first post. Did you not read the entire articles before your first reply?

manhinli

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#131870 19-May-2008 18:54

You could say that - I thought 25% was not inclusive of Econet's share.

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cranz

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#131872 19-May-2008 19:06

I like pointless posts. postcount++

NZC's coverage seems to be growing quite quickly in Auckland hopefully a little cash injection will push them the last mile before launch