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

 

Trade Plans: Prime Minister's Speech To International Business Forum

"The work to improve public services, build infrastructure, and solve social problems is possible only because we have enjoyed sustained, solid economic growth. A big reason for that is the Government’s consistent agenda of economic reform, and our determination to open up more opportunities for trade with the world." More>>

ALSO:

Media: TVNZ Flags Job Cuts To Arrest Profit Decline

Chief executive Kevin Kenrick said the changes were aimed at creating "a sustainable future video content business for TVNZ in an ever-changing media market." More>>

ALSO:

Reserve Bank: Wheeler Keeps OCR At 1.75%

Reserve Bank governor Graeme Wheeler kept the official cash rate unchanged at 1.75 percent, as expected, and reiterated his view that the benchmark rate doesn't need shifting for the foreseeable future. More>>

ALSO:

f work for Pumpkin Patch staff

Retail: Pumpkin Patch Brand, IP Sold To Catch Group

The receivers of failed children's clothing retailer Pumpkin Patch have confirmed that the company's brand and intellectual property have been sold to Australian online retailer Catch Group. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news