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


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news