The market punished the telco after it posted a 78% collapse in net profit for the first six months and downgraded its guidance.
The $3.45m deal is expected to settle today.
Service folded into Herald subscription service for a potential $5m.
The NZX-listed fund's half-year profit plunged 78%.
NZ Automotive Investments using lockdowns to invest in future.
The company increased its dividend in the Covid-affected half.
Capital to grow storage capacity after ceasing oil refining at Marsden Pt.
Regulator demands info going back years from wholesale investment funds.
Market Outlook: JBWere investment analyst Andrew Thompson on the week ahead.
UPDATED: ‘Twilight zone’ around Commerce Commission clearance a factor in disappointing result.