Ann: H1 FY18 INTERIM RESULT PRESENTATION, page-41

This business has narrowed its focus to future earnings in data, govt, enterprise and wholesale. This is where increased margins and runaway revenue growth is now coming from within the industry. They need at least NZD$500 from the sale to pay down debt and pay for the ASC comfortably. In the coming days it may reach a new low which would be a good time to buy. In some ways TPM and others are expanding revenue on the lower margin areas of the telco industry while Voc underneath it all has sharpened its focus.
GLTAH