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Divestment Stories

Australian Stories

Divestment stories

Swoop sees AUD $88.9m revenue boost, driven by fibre expansion
Strategy

Swoop sees AUD $88.9m revenue boost, driven by fibre expansion

Swoop, an Australian telecom firm, reported a 14% revenue boost to AUD $88.9m for FY24, thanks to organic growth and fibre infrastructure expansion.

By Kaleah Salmon • 3 min read • Thu, 29th Aug 2024
Swoop sells Voicehub to Pivotel for AU$9 million in strategic decision
Unified Communications

Swoop sells Voicehub to Pivotel for AU$9 million in strategic decision

Swoop Holdings sells its wholesale voice business, Voicehub, to Pivotel for AUD $9 million, refocusing on core markets post-strategic review.

By Catherine Knowles • 3 min read • Tue, 11th Jun 2024

Global Stories

Divestment stories

CapitaLand secures second hyperscaler deal in Navi Mumbai
Hyperscale

CapitaLand secures second hyperscaler deal in Navi Mumbai

CapitaLand India Trust inks a second hyperscaler deal at its Navi Mumbai data centre, taking pre-leasing across its portfolio to 53%.

By Sofiah Nichole Salivio • 4 min read • Fri, 16th Jan 2026
CCL divests network services division
Network Infrastructure

CCL divests network services division

Mark Jurgeleit, CCL's current network services general manager, will set up the network services division as a new business called Octave.

By Kai Ping Lew • 2 min read • Thu, 5th Dec 2019
Vocus New Zealand, Aussie data centres on the chopping block
Orcon

Vocus New Zealand, Aussie data centres on the chopping block

Vocus NZ is up to be put up for sale, with Australian parent Vocus Group also looking to sell the company's Aussie data centre assets.

By Heather Wright • 2 min read • Tue, 24th Oct 2017
Woolworths sells Dick Smith chain to buyout firm for A$20M
Dick Smith

Woolworths sells Dick Smith chain to buyout firm for A$20M

Woolworths offloads its Dick Smith electronics chain to Anchorage Capital Partners for AUD $20 million, sharpening its focus on core supermarket operations.

By Pattrick Smellie • 2 min read • Thu, 27th Sep 2012

Stories from Other Regions

Divestment stories

APN sits tight on NZME sales, as it waits to see benefit of restructure
Initial Public Offering

APN sits tight on NZME sales, as it waits to see benefit of restructure

APN News and Media, the Australian publisher of The New Zealand Herald newspaper, has put off the public share float for its newly consolidated kiw.

By Pattrick Smellie • 3 min read • Thu, 12th Feb 2015
Tweaked Connor ownership soothes regulator's concerns in Acurity takeover
Health Technologies

Tweaked Connor ownership soothes regulator's concerns in Acurity takeover

The Commerce Commission has signed off a takeover bid for Acurity Health Group by its three biggest shareholders after tweaks to the holding compan.

By Pattrick Smellie • 2 min read • Fri, 19th Dec 2014
Pacific Brands sells unprofitable footwear, sports apparel business
NZX

Pacific Brands sells unprofitable footwear, sports apparel business

Pacific Brands, the Australian apparel and linen brands business, has split and sold Brands Collective, its unprofitable footwear and sporting appa.

By Pattrick Smellie • 3 min read • Tue, 18th Nov 2014
Kordia's NZ business ready for analogue TV switch-off
Unified Communications

Kordia's NZ business ready for analogue TV switch-off

Kordia Group has boosted after-tax profit 46 per cent to $10.7m ($7.3m in FY12) for continued operations in the 12 months to 30 June 2013.

By Staff Writer • 4 min read • Fri, 30th Aug 2013
Net24 sells Cables Direct operation
Cloud Services

Net24 sells Cables Direct operation

TechDay spoke with Jon Tyce of Accounting Direct about the company's recent acquisition of the business from Net24.

By Staff Writer • 2 min read • Mon, 13th Jun 2011
Telecom revenue falls 7.7%
Chorus

Telecom revenue falls 7.7%

CEO Paul Reynolds says increased competition, economic slowdown, regulatory interventions and XT network issues are behind the drop in revenue.

By Staff Writer • 4 min read • Fri, 7th May 2010