Vector (NZE:VCT) decided to retain ownership of its Fibre business following a strategic review, according to a Tuesday New Zealand bourse filing.
Vector Fibre will continue delivering to its customers and pursuing growth opportunities, including through data center and 5G expansion in Auckland, the company added.
The company's shares fell 1% in recent Tuesday trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.