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

 


CallPlus adds Orcon to its stable of Slingshot and Flip

CallPlus adds Orcon to its stable of Slingshot and Flip

June 20 (BusinessDesk)

Independently owned internet service provider CallPlus has added Orcon to its stable of interests, which include the Slingshot and Flip ISP brands, for an undisclosed sum.

Speculation about an imminent deal had been running hot in recent days, with the consolidation giving CallPlus around 15 percent of the New Zealand ISP market, annual turnover of more than $200 million and more than 500 staff.

"The company now has three challenger brands which appeal difference segments in the market," said CallPlus group chief executive Mark Callander. "The company is strongly positioned to further take on the big boys."

Orcon's branding and market positioning will not change.

Founded originally by Auckland entrepreneur Seeby Woodhouse, Orcon was purchased in 2007 by state-owned telecommunications group Kordia for $24.3 million. Kordia sold Orcon to a group of private investors in April last year, led by Vivid Networks director Warren Hurst.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: Fletcher To Close Its Christchurch Insulation Plant, Cut 29 Jobs

Fletcher Building, New Zealand’s largest listed company, will close its Christchurch insulation factory, as it consolidates its Tasman Insulations operations in a “highly competitive market”. More>>

ALSO:

Scoop Business: Novartis Adds Nine New Treatments Under Pharmac Deal

Novartis New Zealand, the local unit of the global pharmaceuticals firm, has added nine new treatments in a far-ranging agreement with government drug buying agency, Pharmac. More>>

ALSO:

Crown Accounts: English Wary On Tax Take, Could Threaten Surplus

Finance Minister Bill English is warning the tax take may come in below forecast in the current financial year, as figures released today confirm it was short by nearly $1 billion in the year to June 30 and English warned of the potential impact of slumping receipts from agricultural exports. More>>

ALSO:

Auckland Outage: Power Mostly Restored Overnight

Vector wishes to advise that all but 324 customers have been restored overnight. These customers are spread throughout the network in small pockets. The main St Johns feeder was restored around midnight allowing most of the customers in all affected areas to have power this morning. More>>

ALSO:

Half Empty: Dairy Prices Drop To Lowest Since August 2009

Dairy product prices fell to the lowest level in more than five years in the latest GlobalDairyTrade auction, led by declines in butter milk powder and whole milk powder. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news