Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Telecom Sells Mobile Radio Business To Teamtalk

Telecom Sells Majority Share In Mobile Radio Business To Teamtalk

Telecom today announced it has sold its mobile radio business to Wellington-based company TeamTalk.

Following TeamTalk’s acquisition of Telecom’s mobile radio business, Telecom will acquire a 19.9% shareholding in TeamTalk.

Telecom General Manager Mobile Mohan Jesudason says the sale to TeamTalk reflects Telecom’s transformation into an online and communications business.

“While mobile radio still plays a crucial role in the telecommunications sector, it is no longer a core business area for Telecom. Hence our decision to sell our mobile radio business to TeamTalk.”

The sale includes Fleetlink – trunked mobile radio network – as well as Telecom’s other mobile radio services – Easyplan product rental, the Easytrac vehicle location service, and private mobile radio.

The Commerce Commission gave clearance for Telecom’s mobile radio business to be sold to TeamTalk in May 2000. Mobile radio staff have been offered employment with TeamTalk.

TeamTalk Chief Executive Officer David Ware says the sale will have a positive impact on emergency services such as ambulance organisations.

“TeamTalk has offered a nationwide emergency call priority service comparable to Fleetlink’s for the past five years. The quality of that service will only be enhanced by the merger with Telecom’s mobile radio networks.”

Mr Ware says the sale will provide greater coverage, and allow TeamTalk to offer a wider range of products and services. (mtc)

“We’re delighted to have Telecom’s mobile radio team coming on board, and are already planning to make the most of the new opportunities this deal will bring.”

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>