SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community
 
| More

TMCNet:  Telecom NZ offers a lifeline to Quickflix

[November 22, 2012]

Telecom NZ offers a lifeline to Quickflix

Nov 22, 2012 (The Australian - ABIX via COMTEX) -- Telecom New Zealand is rumoured to have provisionally agreed to provide about one third of the $A8m online movie rental firm Quickflix needs to avoid administration. Quickflix suspended its shares on 13 November 2012, pending confirmation of a new investor and capital raising. Quickflix's cash reserves have fallen from $A5.7m to $A2.2m and the company reported a net operating cashflow loss of $A1.8m.



Publication Date: 23 November 2012 QUICKFLIX LIMITED - ASX QFX TELECOM CORPORATION OF NEW ZEALAND LIMITED - ASX TEL MESA INCORPORATED NETFLIX INCORPORATED SONY CORPORATION MICROSOFT CORPORATION

[ Back To LatinAmerica.tmcnet.com's Homepage's Homepage ]






Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved | Privacy Policy