Five bids come in for under-fire Orcon…

Fri, 7th Mar 2014

FYI, this story is more than a year old

2degrees, CallPlus, The Warehouse… who is buying Orcon?

That's the million dollar question circulating around the ISP space this evening, with the National Business Review reporting five companies have made bids for Orcon.

According to the trusted news source, the first to break the story in New Zealand, "Orcon is up for sale, and five bidders are in the running, two industry sources tell NBR.

"Three names understood to have submitted indicative bids are 2degrees, CallPlus and The Warehouse.

"NBR understands three or four parties are running due diligence.

More updates to follow…

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