Ann: Investor Update Presentation & Confirmation of FY18 Guidance, page-11

Despite the health of the NZ business, the strategic rationale is simple. VOC's differentiation is the Australia wide long haul fibre network they own. They are committed to expanding this NW into Asia. It would make more sense that they were selling consumer services in Asia than NZ.

The irony is that TPG are basically in the opposite situation! It's a damn shame the ACCC have put the kibosh on any chance of these two getting together.

Then again it was in the ACCC's infinite wisdom that the NBN would arbitrarily have 121 POI's, and also allowed Telstra to buy PacNet.

I see less logic in selling of the DC's. I guess at the end of the day, the market has decided that debt is the problem, and they are addressing this problem.