Stories by

Fairfax confirms review of Trade Me

Fairfax Media has confirmed that it is conducting a strategic review of its business, amid suggestions that Trade Me may be sold.
Fairfax Media's general manager for investor relations, Frank Sufferini, told Radio New Zealand that Trade Me was being reviewed alongside other parts of the firm's business.
The move follows an announcement that Fairfax will sell some of its radio stations in Australia.
Australian media have suggested Trade Me will be sold, or that Fairfax may consider a partial share float.
Analysts have valued Trade Me at NZ$1.3 billion to NZ$2 billion. It has 2.7 million registered traders and employs 190 staff.
Fairfax bought Trade Me for NZ$700 million in 2006 in a deal cut by the company's chief executive at the time, David Kirk.
Trade Me founder Sam Morgan is on the Fairfax board.
Fairfax Media is the publisher of Computerworld, the Stuff website and many newspapers throughout New Zealand.

Goldman helping Telecom with AAPT

Goldman Sachs JBWere is advising Telecom as the company examines the future of its struggling A$550 million Australian business, AAPT, the Australian Financial Review reported.

Vodafone and 3 hook up

Vodafone Australia and Hutchison Telecommunications (Australia), in which Telecom holds a 10 percent stake, have agreed to merge their Australian businesses.

AAPT bid talk speculation: Telecom

Telecom says a report that Asian firm Pacnet is prepared to offer US$420 million (about NZ$795 million) for AAPT is speculative and that it remains committed to its Australian business.

Telecom Q1 earnings down 3.3pc

Telecom has posted first-quarter earnings before interest tax depreciation and amortisation (EBITDA) of $466 million, a 3.3 percent fall.