Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search


ihug acquires Waikato ISP, Wave

ihug acquires Waikato ISP, Wave

ihug, New Zealand’s original internet pioneer, today announced that it has acquired Waikato ISP Wave Internet Services from Texas-based Pavilion Technologies Inc. (PavTech) for an undisclosed sum.

Wave has just under 10,000 customers, mainly in Waikato and Bay of Plenty, which, when added to ihug’s current base will mean a customer base of 120,000 subscribers to broadband, dial-up and telephony products in New Zealand.

The acquisition also includes Wave subsidiary, PC Connect.

“Wave fits well with ihug’s growth strategy of acquiring successful New Zealand ISP businesses with a strong regional presence,” says Michael Malone, Managing Director, ihug Limited. “The business will continue to operate under the Wave Internet brand and will remain a strong player in the central North Island.”

All dialup and toll free support numbers remain in place and Wave customers will retain their existing email addresses.

For Wave Internet it is a return to Australasian ownership, as ihug is listed on the Australian and New Zealand stock exchange through its parent iiNet Ltd (NZSX: IIN).

“Wave will continue to operate as a separate business, ” says PavTech Limited Managing Director David Southall. “The acquisition by ihug will provide Wave with the ability to role out further products and services including low-cost voice and toll services.”


© Scoop Media

Business Headlines | Sci-Tech Headlines


Half A Billion Accounts: 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>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news