update: Telecom New Zealand announced today that it will acquire PowerTel, valuing the Australian business and wholesale telco at AU$357 million.
Telecom New Zealand's acquisition of PowerTel is one step closer after PowerTel's shareholders today voted in favour of the deal.
New Zealand's biggest company, Telecom New Zealand, has won legal approval in the Federal Court of Australia for its proposed AU$357 million takeover of PowerTel.
Diversified industrial firm Futuris today said it intended to sell its 50 per cent stake in local telco Amcom speedily, as industry speculation intensified over who would be a likely buyer.
Perth-based upstart telco iiNet today claimed its close business relationship with PowerTel would not change, despite Telecom New Zealand's plan to buy PowerTel.
Sometimes, a well-placed and well-timed letter can make all the difference. Other times, it can make no difference at all and even hurt your case. This week's missive by the Competitive Carriers' Coalition, I would suggest, falls into the latter category.
Yes, says iiNet, and the telco giant's price chains are keeping smaller players from venturing down the rural broadband route.
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