2degrees has begun testing investors’ appetite for its planned listing on the NZX and Australia’s ASX. The purpose was to introduce the company to fund managers, so management could explain the business and its place in the New Zealand telco sector, it said. The AFR reported not all prospective investors were impressed, with some concerned about 2degrees’ ability to pay planned dividends from its cash flows. SUPPLIED The pause button has been lifted on a possible float of Vocus NZ, the country’s fourth largest telco. Vocus NZ had 226,000 broadband customers last year and employs about 600 staff.

Source: Stuff July 07, 2021 23:11 UTC