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Telecom’s Gen-i slims down with Davanti sale to management

Telecom’s Gen-i has agreed to sell its Davanti Consulting business in a management buy-out the latest step to trim down IT services unit. Davanti Principal Consultants’ Justin Hamilton, Matt Farrar and Robert Carter have signed a conditional agreement for Gen-i’s Davanti unit for an undisclosed sum, and is expected to settle on May 31, Telecom said in a statement. Gen-i …

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BUDGET 2013 Debt Management Office trims $3 bln from borrowing programme

The New Zealand Debt Management Office will cut its borrowing programme by $3 billion over the next two years as the government looks to clamp down on its growing interest bill and build a buffer for future shocks. The DMO will cut its short-term Treasury bills on issue by $1 billion in the 2013/14 financial year and will reduce bond …

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