Telecom sells Yahoo!Xtra stake to partner

Telecom Corp of New Zealand has sold its 49% stake in Yahoo!Xtra, New Zealand's largest web portal, to Yahoo!7, and the business is being renamed Yahoo! New Zealand.

Yahoo!7 is a partnership between the Australian media company Seven Network and Yahoo! Inc. It previously owned 51% of Yahoo!Xtra.

The price of buying out Telecom was not disclosed. Yahoo! New Zealand will continue to deliver services to Telecom's customers.

NZPA

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

April 1st Morning Report
FSF - Fonterra completes sale of Mainland Group to Lactalis
GNE - Resignation of Chief Financial Officer
PFI - Property for Industry Limited Launches Bond Offer
March 30th Morning Report
HGH Ltd Results for the 6 months ended 1 February 2026
March 27th Morning Report
CDC investor presentation and guidance update
PFI - Potential Bond Offer by PFI
MCY - Mercury Green Bond offer - interest rate set