TeamTalk - News, Features, and Slideshows

News

  • 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.

  • Spark offer ‘woefully inadequate’ says TeamTalk

    TeamTalk has branded as “woefully inadequate” Spark’s formal of $0.80 per share, announced earlier today, and told shareholders to await its target company statement that will be released by 23 March 2017 and that will include an independent adviser’s report from Grant Samuel.

  • TeamTalk turns a profit

    TeamTalk (NZX: TTK) — which last month rejected a $22.7m takeover bid from Spark — has made a return to profitability for the six months ended 31 December 2016, after reporting a loss of $1.3m for the year to 30 June 2016, in what it said had been a difficult year.

  • CityLink revenue contributes to TeamTalk result

    TeamTalk, owner of Wellington's CityLink fibre provider, has reported a net proft of $2.3 million for the six months to December 31, a 21 percent increase on the 2009 second half-year result.
    Revenue from CityLink contributed significantly to the result, providing $6.8 million of the group's $15.6 million revenue for the half-year, up from $4 million the previous July-December period. The firm's radio division provided the rest of the revenue.
    TeamTalk acquired a majority stake in CityLink in 2006, and later upped its ownership to 100 per cent.
    The report accompanying the result notes: "The regulatory haze that has befuddled the telecommunications industry for the last two years is slowly clearing. The overall shape of the government’s policies in rural telecommunications, urban broadband and the cellular market is starting to emerge. Broadly speaking these policies will increase the penetration of generic broadband products but leave the markets for TeamTalk’s specialised products largely unaffected.

  • Govt broadband plans smothering industry, says TeamTalk boss

    A shareholder at this week’s annual general meeting of TeamTalk sought assurances that the current dividend of 20 cents a share – unchanged from the previous year – would be maintained in the future. That wasn’t easy for directors to give.

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