Telstra has revealed the addition of almost one million new mobile services in the six months to December 2011, but Sensis revenues plummeted 24 percent in 12 months.
Vodafone New Zealand is implementing the company's global strategy to become a full spectrum telecoms service provider, with the acquisition of ISP ihug from Australia's iiNet (ASX: IIN).
iiNet says the sale price of $NZ41 million (SA36m), is approximately $A6 million in excess of book value. Completion of the sale is expected within 2 weeks. iiNet acquired the Australian and New Zealand operations of ihug in 2003, and announced in July that it would sell the business to focus on the core Australia business.
“ihug staff are expected to be retained by the purchaser and will continue to grow the business,” said iiNet CEO Michael Malone. He added that iiNet would retain its own call centre in Auckland, which employs approximately one hundred people. "There is a five hour time difference between Perth and Auckland, and a very similar operating environment, making it an excellent place for us to maintain a presence.”
Vodafone, globally, unveiled in June a wide ranging manifesto setting out major strategic shifts, the most radical of which was that it would be a 'total communications supplier' by, initially reselling DSL services and integrating PC, Internet and mobile services to offer 'seamless interoperability'.
It has already moved into offering broadband services in the UK. In September the company signed heads of terms with BT Wholesale to provide its UK consumer customers with Vodafone-branded broadband service. It expects to launch the service before the end of the year as a bundled offering with Vodafone mobile services.
The CEO of Vodafone UK, Nick Read, described the news as "further evidence of Vodafone delivering on its strategy and providing its customers with a total communications solution wherever they are."
Vodafone NZ is also planning to launch a service on its mobile network that enables it to mimic a fixed line service with a fixed line tariff and PSTN number that operates on the cellphone when it is in or near the customer's home.
David Bass
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