Telstra eyes parts of Wynyard, reports say

Part of failed crime-fighting software company Wynyard could be bought by Australian telecoms giant, Telstra, Fairfax Media has reported. 

Neither Telstra or administrators KordaMentha have responded to requests for comment. 

The report suggests that Telstra is seeking to buy the Christchurch-based company's Cognevo business, which supplies software to business customers. The deal is said to be conditional on enough staff being willing to be employed by Telstra. 

Christchurch-based Wynyard went into voluntary administration last month after failing to secure emergency funds to keep it going from UK lender Skipton Building Society. 

It listed on the NZX in 2013, with investors paying $1.15 a share. The stock closed as high as $3.12 in March 2014 but shares were worth just 21.5 cents when the company eventually went under.

BusinessDesk.co.nz

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:

SKC - FY26 Half Year Result Teleconference Details
January 22nd Morning Report
TGG - FY 2025 Earnings Guidance Update
Meridian Energy monthly operating report for December 2025
January 21st Morning Report
PEB - Q3 26 Results and Key Strategic Milestones
FBU - Fletcher Building announces sale of Fletcher Construction
A thank you from Stuff's owner and publisher
FPH Appoints New Director and Future Director
January 19th Morning Report