Port of Tauranga, New Zealand’s busiest export port, has agreed to buy a half stake in PrimePort Timaru in a $21.6 million deal aimed at strengthening the Tauranga site as a hub for coastal shipping. The deal is subject to public consultation because PrimePort is 71.4 percent owned by Timaru District Council’s investment arm. The process will start on Aug. …

Telecom Corp is taking its spat with rival Vodafone New Zealand to the Commerce Commission after dropping threatened legal action over the ‘SuperNet’ ad campaign. Auckland-based Telecom has dropped High Court proceedings against its rival, saying Vodafone stopped “several aspects” of the ad campaign in its formal response to the action, and has dobbed in its competitor to the antitrust …

Telecom Corp’s dominance in the country’s retail broadband market and how it chooses to unbundle services on Chorus’ ageing copper network are central to the conundrum facing the Commerce Commission. The regulator has backed away from imposing a sharp cut to the regulated price Chorus can charge wholesale customers for access to the copper lines, and has released another paper …