TeamTalk - News, Features, and Slideshows

News about TeamTalk
  • Increased costs temper TeamTalk's profit

    NZX listed telecoms service provider TeamTalk has reported a 11 percent decline in NPAT for the half year to 31 December 2018 on flat revenues, blaming the decline on increased costs.

  • TeamTalk network rollouts and profit on track

    NZX listed telco TeamTalk (NZX: TTK) is forecasting net surplus after tax for the year to 30 June 2019 to be broadly in line with last year’s result of $4.4 million, saying rollout of its digital radio network is on track and that subsidiary, CityLink will start undergrounding and improving its fibre network in the Wellington CBD later this year.

  • TeamTalk profit down 17 percent

    TeamTalk’s profitability ensures reinvestment into infrastructure remains on track: Profit after tax $4.4m, down 17 percent from $5.3m last year. Revenue was up marginally from $34.0m to $34.2m and EBITDA up 4.7 percent to $12.1m.

  • Spark Sticks to $22.7m for TeamTalk, But Lowers Acceptance Threshold

    Spark New Zealand has said its 80 cent per share offer for TeamTalk valuing the company at $22.7m, announced in February, is “full and final” but it has waived the condition requiring 90 percent shareholder acceptance. The offer will how become unconditional if shareholder acceptance exceeds 50 percent.

  • Commerce Commission assesses Spark’s Teamtalk offer

    Spark’s $22.7m takeover offer for TeamTalk may be dead in the water following Vodafone’s offer of $10m for 70 percent of TeamTalk subsidiary BayCity Communications, but nonetheless the Commerce Commission is putting the offer under the microscope after Spark wrote to it seeking clearance for the deal.