17 Dec 2012

TeamTalk acquisition delayed

7:20 am on 17 December 2012

TeamTalk says its acquisition of the rural telecommunications, Farmside, has been delayed until Monday.

The company will pay up to $42 million for the Timaru based company if it meets certain earnings targets over the next couple of years, through a mixture of debt and issuing new shares.

The settlement had been due to be completed last Friday.