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


TeamTalk buys Auckland mobile radio networks

26 October 2005

TeamTalk buys Auckland mobile radio networks.

Listed mobile radio operator TeamTalk has purchased the mobile radio assets of MCS Networks (MCS) for $1.9M.

The sale includes MCS’s EDACS digital mobile radio network covering Auckland and the upper North Island. Included in the deal is property worth approximately $400,000 which will be sold, bringing the net cost to closer to $1.5 million.

TeamTalk Managing Director David Ware said he was pleased to be able to announce the deal.

“Mobile radio is a niche technology, and this EDACS technology fills a niche within our niche. The EDACS purchase will add another string to our bow,” Mr Ware said.

“I’m looking forward to welcoming on board MCS’s customers.
TeamTalk already has the largest team of dedicated mobile radio engineers and technicians in the country so I’m certain MCS customers will appreciate becoming part of the family,” said Mr Ware.

Once integrated, the new networks are expected to contribute revenue of approximately $600,000pa to TeamTalk’s overall revenue of around $20 million.

Mr Ware said TeamTalk will fund the purchase from cash-flow.


© 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>>


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>>


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>>


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>>