Story image

Compass Communications to acquire Ultracom, expand UFB footprint in NZ

28 Jan 16

Compass Communications, the New Zealand owned and operated internet and telecommunications service provider, has announced its intent to acquire Ultracom, the ultra-fast broadband (UFB) business.

Ultracom provides telecommunications services to customers in the Northland region using the Northpower Fibre network.

Compass Communications already provides telecommunications services to customers in Northland, as well as thousands of homes and businesses throughout New Zealand.

Karim Hussona, Compass Communications CEO, says, “We are working closely with Northpower Fibre and Ultracom to ensure a smooth transition over the upcoming month, and that all Ultracom customers continue to receive an uninterrupted and reliable service.”

Neville Montefiore, Ultracom CEO, says, “We believe the sale of our UFB business to Compass is a great outcome for our customers, particularly because of the wide range of new services that Compass is able to provide at competitive rates.” 

Hussona says Compass Communications already works closely with Northpower Fibre currently, and has an established wholesale relationship with Ultracom.

“As a Kiwi-owned and operated telecommunications provider, we are big enough to make a difference, but small enough to care, and we truly believe this will have a positive impact for the Ultracom UFB customers that we have acquired.

“We have all the efficiencies of some of the larger providers, but are small enough that each and every customer and their experience with us is a top priority.

“Our customer support team is New Zealand based, ensuring we are utilising New Zealand people and providing a local service,” says Hussona.

“We are excited to have the opportunity to acquire Ultracom’s UFB business which they have built up over the past four years,” she says.

Details of the acquisition, including when the final transactions will take place and how much Compass will pay, were not announced.

Report finds GCSB in compliance with NZ rights
The Inspector-General has given the GCSB its compliance tick of approval for the fourth year in a row.
Preparing for e-invoicing requirements
The New Zealand and Australian governments are working on a joint approach to create trans-Tasman standards to e-invoicing that’ll make it easier for businesses in both countries work with each other and across the globe
5c more per share: Trade Me bidding war heats up
Another bidder has entered the bidding arena as the potential sale of Trade Me kicks up a notch.
Hootsuite's five social trends marketers should take note of
These trends should keep marketers, customer experience leaders, social media professionals and executives awake at night.
Company-X celebrates ranking on Deloitte's Fast 500 Asia Pacific
Hamilton-based software firm Company-X has landed a spot on Deloitte Technology’s Fast 500 Asia Pacific 2018 ranking - for the second year in a row.
Entrepreneur reactivates business engagement in AU Super funds
10 million workers leave it up to employers to choose their Super fund for them – and the majority of employers are just as passive and unengaged at putting that fund to work.
Tether: The Kiwi startup fighting back against cold, damp homes
“Mould and mildew are the new asbestos. But unlike asbestos, detecting the presence – or conditions that encourage growth – of mould and mildew is nearly impossible."
Capitalising on exponential IT
"Exponential IT must be a way of life, not just an endpoint."