CallPlus expands after Orcon buy

Last updated 16:55 20/06/2014

Relevant offers


New York enacts restrictions on Airbnb, with fines of up to $10,000 Court action on 'shonky' steel mesh creates pressure for government inquiry Female lawyers charge-out rates lag behind their male colleagues Weight Watchers campaign joins list of PR blunders Opportunist builders, dodgy steel and shonky standards create new building crisis 'worse than leaky homes' Skills shortage results in firms looking internally to fill roles, recruitment firm says Pumpkin Patch in trading halt - too much debt, not enough capital British American Tobacco offers to buy Reynolds in US$47 billion deal Backlog of defective buildings and shoddy workmanship sparks calls for building warranties Ikea NZ Facebook page set up: Is it finally coming to NZ?

CallPlus has confirmed it has bought internet provider Orcon.

The sale price was not disclosed. Sources previously forecast the company would sell for about $30 million.

CallPlus said the takeover would mean it had 220,000 internet customers, representing 15 per cent of the market, as well as 500 staff and an annual turnover of more than $200m.

Chief executive Mark Callander said CallPlus now had "three challenger brands", Slingshot, Flip and Orcon, that would appeal to different segments of the broadband market and was well-positioned to "further take on the big boys".

The purchase created "scale" that would ultimately deliver benefits to all customers within the CallPlus group, he said. The takeover will be completed on July 1. 

Ad Feedback

- Stuff

Special offers

Featured Promotions

Sponsored Content