AGL Energy has no plans to break up its takeover target, Vocus Group, but instead will aim to grow the combined businesses, AGL CEO Brett Redman said.
AGL Energy has been granted access to conduct a four-week due diligence on Vocus roughly one week after the publicly-listed energy provider withdrew its offer after being "unable to agree to due diligence terms that were acceptable".
Vocus has announced EQT decided not to acquire the Australian telecommunications provider following an accelerated period of due diligence.
Vocus has received an acquisition proposal from EQT Infrastructure in a deal valued at $5.25 per share in cash, worth $3.26 billion, via a scheme of arrangement.
Huawei, hit by crippling US sanctions, could see shipments decline by as much as a quarter this year and faces the possibility that its smartphones will disappear from international markets, analysts said.
Nokia chief executive Rajeev Suri said on Tuesday the company could benefit from a US clampdown on Chinese rival Huawei as the race to roll out 5G services heats up.
The Trump administration has officially added Huawei Technologies to a trade blacklist, immediately enacting restrictions that will make it extremely difficult for the telecom giant to do business with US companies.
US president Donald Trump is expected to sign an executive order this week barring US companies from using telecommunications equipment made by firms posing a national security risk.
Spark New Zealand board director Alison Gerry has resigned and stepped down from her duties over concerns about a potential or perceived conflict of interest.
Nick Verykios has revealed plans to vacate his role as managing director of Arrow ECS ANZ, following more than 15 years running the distributor.
Michael Dell has questioned the multi-cloud strategy of industry rival Hewlett Packard Enterprise, claiming the vendor is off the pace as market competition heats up.
Dell Technologies has honoured leading partners across Asia Pacific and Japan, following a year of growth through the channel.
Dell EMC has rolled out a fresh round of channel changes capable of providing partners with access to the vendor’s entire technology portfolio.
Dell Technologies and Microsoft have unveiled an expanded in-market partnership with VMware acting as an anchor point across cloud and digital technologies.
State-owned enterprise Kordia may have 10 million reasons to hope Australia eases its ban on Huawei being involved in its 5G roll-out.
Dell Technologies is moving ahead with plans to unite multiple solutions and services under one channel roof, bringing together a vast technology portfolio in a cross-sell partner play.
New Zealand spending on IT products and services is expected to increase 2.2 per cent reaching $13.7 billion in 2019, according to Gartner's revised forecast.
Spending on security related hardware, software, and services will reach US$16 billion in 2019 across Asia Pacific, representing growth of 20 per cent.
Consegna has achieved DevOps competency status aligned to Amazon Web Services, in recognition of deep expertise within the vendor’s cloud platform.
Spark has been fined $675,000 for making false or misleading representations in its customer invoicing, and when making a $100 credit offer to new customers.
Subscription services – in which a customer gains access to a product or service on an ongoing basis in exchange for a monthly fee – are exploding in popularity across both consumers and enterprise customers.. Read more