Stories by Pattrick - Page 46

Chorus boosts broadband to 1.09M as fixed lines dip, amidst dispute over UBA pricing. Shares up despite challenges in fibre growth.

Huawei Technologies founder and chief executive Ren Zhengfei has assured Communications Minister Amy Adams that the world's second-biggest maker of networking gear poses no threat to cyber-security.

Search giant stacked on workers last year to keep pace with an online advertising market that's growing at the expense of newspapers and television.

Australian payroll provider Talent2 keeps $105 million 10 year Novopay contract as switching back to Datacom, simply exchanged one set of risks for another.

Chorus partners with Visionstream and Downer in $1bn deals to build NZ's ultrafast broadband, aiming to improve connectivity nationwide.

NZ wireless broadband provider reports $2.4m loss with the company relying on funding from its 75% shareholder, Craig Wireless Systems, to meet its cash needs.

Wynyard Group is considering its capital needs, but newly appointed chair Murray Horn is not commenting on whether that might include a New Zealand stock exchange listing.

Xero has doubled annual sales as its customer numbers continued to surge and said it expects an annual loss of below $15 million.

Datacom is selling its Asian call centres to Convergys for $A20 million, with 1,000 employees joining Convergys.

Telecommunications Commissioner Stephen Gale will press ahead with a review of wholesale broadband pricing on Chorus's ageing copper lines.

Emulex set to acquire all Endace shares, hitting 99.9% acceptances, with a takeover bid of £76m now reaching compulsory buyout stage.

Telecom Corp announces up to 1,230 job cuts in a £110m cost-cutting drive, despite launching new ultrafast broadband services.

Apple NZ's tax payment is just 0.4% on $571 million sales, sparking scrutiny over multinational tax practices.

Around half of New Zealanders don't realise their personal information is being collected online, while approximately a third of people don't worry about it.

Xero's CEO Rod Drury says the firm is not ready for a US listing despite its shares tripling, focusing instead on growth and revenue.

Orcon, the state-owned internet service provider, expects to make an announcement about a potential sale in the coming weeks.

Xero, Wellington-based cloud accounting software firm, has become New Zealand's latest billion dollar company after its shares climbed to a new record.

Online auction site Trade Me, which is on the prowl for more acquisitions, has sold its group-buying Treat Me website for an undisclosed sum in a management buyout.

Telecom eked out a 3.7 percent lift in first-half underlying earnings as revenue from its mobile business propped up otherwise disappointing sales.

UK to auction 4G spectrum in Q3, omitting specific iwi allocation, aiming to boost economy with mobile tech advancements.

New Zealand sales fell 6 percent in the first half from a year-earlier result boosted by the 2011 Rugby World Cup.

Telecommunications network operator Chorus has been given some breathing space over price regulation of its ageing copper lines.

Chorus' executive in charge of building its tax-payer funded broadband programmes will leave the telecommunications network operator at the end April.

The Commerce Commission's draft on copper line pricing sets investors against consumers, stirring a debate on fibre vs copper broadband access.