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


The Download Weekly: Vodafone FibreX back in court

Vodafone and the Commerce Commission head back to court over FibreX in a week the TCF issues broadband marketing codes that should avoid similar problems in the future... More>>

NIWA: Tonga Eruption Discoveries Defy Expectations
New findings from the record-breaking Tongan volcanic eruption are “surprising and unexpected”, say scientists from New Zealand’s National Institute for Water and Atmospheric Research (NIWA)... More>>

Commerce Commission: Appeals Record $2.25m Fine In Vodafone FibreX Case

The Commerce Commission has filed an appeal in the High Court against a record $2.25 million fine imposed on Vodafone NZ Limited (Vodafone) for its offending under the Fair Trading Act during its FibreX advertising campaign. While the sentence imposed in the Auckland District Court on April 14 was the largest-ever fine under the Fair Trading Act, the Commission will argue that it is manifestly inadequate... More>>

Stats: Quiet Start For Retail In 2022
The volume of retail sales was relatively unchanged in the March 2022 quarter, following a strong increase in the December 2021 quarter, Stats NZ said today... More>>

Finder: RBNZ Survey: 64% Of Experts Say Rising Inflation Will Push More Kiwis Into Debt

Soaring inflation and cost of living pressures will see many households pushed to the financial limit, according to experts... More>>

Barfoot & Thompson: Rents Up By Around 3% In Most Areas

The average weekly rent paid for homes in most areas of Auckland has risen by around 3 percent year-on-year. The figures for end March from more than 16,000 properties... More>>