It aims to build a disruptive $1 billion payment platform.
[UPDATE: NBR asked Communications Minister Steve Joyce for his reaction, and whether he saw potential in Mr Dury's suggestion of private-public cable cooperation. Mr Joyce responded with the vague but upbeat:
"This is an exciting development. It's good to see another potential player step up in the international bandwidth stakes. I look forward to the development of their business case."
Vodafone New Zealand chief marketing officer Mark Rushworth has surprised colleagues by announcing his resignation.
“He came back from Christmas after surfing and growing a beard and announced he was leaving,” an insider told NBR.
As first reported by NBR, Vodafone New Zealand chief executive Russell Stanners has taken direct control of the telco’s marketing team while the search is on for a replacement.