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Chorus sees spike in business demand for faster fibre connections

Businesses are spending more on super fast, commercial grade, fibre network connections as more of their operations move online. ....

New Zealand , Ed Hyde , Choru Hyperfibre , Radio New Zealand , Ublic Radio , Urrent Affairs ,

Macquarie buying Vocus, owner of Orcon and Slingshot, heading off NZX listing


Macquarie buying Vocus, owner of Orcon and Slingshot, heading off NZX listing
9 Mar, 2021 04:37 AM
4 minutes to read
Macquarie has entered an agreement to buy ASX-listed Vocus Group - owner of Orcon and Slingshot on this side of the Tasman - in a A$3.5 billion ($3.7b) deal, subject to investor and regulatory approval.
The ASX-listed investment banking and infrastructure investment firm teamed with Aware Super - Australia s second-largest retirement fund - on its $5.50 per share offer.
In recommending shareholders accept the deal - set to close in July if all approvals go to plan - Vocus chairman Bob Mansfield said in a statement to the ASX that the board had considered it against alternatives, including pressing ahead with the plan to list Vocus NZ business, then use the estimated $722 million proceeds to pay down debt. ....

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