Marlborough Lines has bought an 80 percent stake in Yealands Wine Group, New Zealand’s sixth-largest wine exporter, for $89 million. The South Island electricity lines company took control from founder Peter Yealands, who wanted to keep the winery fully New Zealand owned, the companies said in a joint statement. Marlborough Lines is debt free and had realised $100 million in cash from …

Spark New Zealand, the country’s biggest telecommunications provider, has affirmed annual guidance after the Commerce Commission today said regulated pricing on Chorus’s copper line network would largely be unchanged. The Auckland-based company, which is Chorus’s biggest customer, said 2015 financial guidance for low single digit growth in earnings before interest, tax, depreciation and amortisation and for a low single digit decline …

The Commerce Commission looks likely to settle on a price close to its original decision on what telecommunications network operator Chorus can charge its customers, though it probably won’t backdate any update. The regulator today released its draft determination for what Chorus can charge on its regulated copper lines in its final pricing principle – a more rigorous process to …