IT Brief Australia - Technology news for CIOs & IT decision-makers

Divestment stories

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CCL divests network services division
Thu, 5th Dec 2019
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network infrastructure
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network management
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sdn
Mark Jurgeleit, CCL’s current network services general manager, will set up the network services division as a new business called Octave.
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Vocus New Zealand, Aussie data centres on the chopping block
Tue, 24th Oct 2017
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orcon
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slingshot
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m&a
Vocus NZ is up to be put up for sale, with Australian parent Vocus Group also looking to sell the company’s Aussie data centre assets.
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APN sits tight on NZME sales, as it waits to see benefit of restructure
Thu, 12th Feb 2015
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apn media
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new zealand herald
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ipo
APN News and Media, the Australian publisher of The New Zealand Herald newspaper, has put off the public share float for its newly consolidated kiw.
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Tweaked Connor ownership soothes regulator's concerns in Acurity takeover
Fri, 19th Dec 2014
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wellington
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regulation
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commerce commission
The Commerce Commission has signed off a takeover bid for Acurity Health Group by its three biggest shareholders after tweaks to the holding compan.
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Pacific Brands sells unprofitable footwear, sports apparel business
Tue, 18th Nov 2014
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nzx
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shares
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nz
Pacific Brands, the Australian apparel and linen brands business, has split and sold Brands Collective, its unprofitable footwear and sporting appa.
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Kordia's NZ business ready for analogue TV switch-off
Fri, 30th Aug 2013
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telecommunications
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managed wan
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kordia
Kordia Group has boosted after-tax profit 46 per cent to $10.7m ($7.3m in FY12) for continued operations in the 12 months to 30 June 2013.
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Woolworths sells Dick Smith chain to buyout firm for A$20M
Thu, 27th Sep 2012
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business
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dick smith
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nz
Anchorage Capital takes control of the Australasian electronics retailer for just A$20M.
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Net24 sells Cables Direct operation
Mon, 13th Jun 2011
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cloud services
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websites
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nz
TechDay spoke with Jon Tyce of Accounting Direct about the company's recent acquisition of the business from Net24.
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Telecom revenue falls 7.7%
Fri, 7th May 2010
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gen-i
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telecom retail
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chorus
CEO Paul Reynolds says increased competition, economic slowdown, regulatory interventions and XT network issues are behind the drop in revenue.