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One NZ is a leading New Zealand digital services and connectivity company with 2.7 million connections and population coverage of more than 98% of New Zealand. Beca is one of the largest employee-owned professional services consultancies in the Asia Pacific. Telecom has appointed professional company director Sue Sheldon as an independent director. This announcement contains summary information about the Company and its activities which is current as at the date of this announcement. This PMP can act as a typical portable HDD to store documents, music files, movies and other information while connected to a computer. Whereas, the supplement of additional power from the battery in this player ensure that the HDD always receive sufficient power during start-up as well as during read/write. Unlike some other MP4 player such as Ipod Video that require conversion before it works. It works for us! One NZ CEO Jason Paris said, "Infratil’s increased investment in One New Zealand is a huge vote of confidence in the direction and momentum within our business and means this important New Zealand company will be 100 percent locally owned and managed for the first time. Infratil CEO Jason Boyes said, "Further investment in One NZ is strategically and financially compelling for Infratil and our shareholders.

With this in mind I thought it might be a good idea to go right to the horses mouth and fire some questions to Xero founder and CEO Rod Drury. Udhay Mathialagan, Brookfield Managing Director and Global CEO of Data Centres, and outgoing chair of One NZ, said, "During our ownership of One NZ, we have overseen the investment of more than a billion dollars to expand and strengthen New Zealand’s digital infrastructure. One NZ is one of New Zealand’s largest fixed infrastructure owners with over 11,000km of fibre and cable, extensive spectrum holdings and long-term access to over 1,500 mobile towers. Infratil is a New Zealand headquartered global infrastructure investor with a significant portfolio of investments in digital infrastructure, renewables, healthcare and airports. The New Zealand Stock Exchange has announced Tim Bennett will replace Mark Weldon as its chief executive, effective May. New Zealand Reserve Bank on its website at 3.00pm New Zealand time on the closing date of the Retail Offer), shares having a total issue price equal to NZ$50,000 (converted in accordance with the Retail Offer booklet), which may be less than A$45,000, will be issued to the shareholder and they will be refunded the excess cash amount.

The information in this announcement is of a general nature and does not purport to be complete nor does it contain all the information which a prospective investor may require in evaluating a possible investment in the Company or that would be required in a product disclosure statement under the FMCA or a prospectus under the Corporations Act 2001 (Cth). Again if we were a private company we’d be positioning for a take out. The approach to market that has worked in NZ we are now rolling out in the UK and Australia and that is looking good but there’s much more to do. One NZ has had strong momentum following the recent rebrand and other business transformation initiatives that are ongoing, with further upside to be realised. SI - Are there any particular books or periodicals that you have read that you would recommend to Share Investor readers in your business sector or business/investing in general? SI - What are the biggest commercial threats to your businesses in terms of competition and is your reaction to this competition likely to be aggressive or reactive in nature? Morrison & Co has managed Infratil since its inception in 1994. Morrison & Co is a global infrastructure investment management specialist, founded in 1988. Morrison & Co manages multiple client mandates, with total funds under management of approximately NZ$30 billion at 31 March 2023. Morrison & Co is a pioneer in innovative infrastructure investing, supporting businesses that help enhance the lives of local communities.

Our biggest risk is losing customers data so we ensure that we cover that risk with the appropriate risk management strategies. I certainly don't understand the business and growing income and customers without making a profit is foreign to most investors. I understand that for many SMEs there is a fine line between personal accounting and their business accounting, but I think that providing a solution to solve this for small business owners doesn’t require all the Xero Personal features. Reader Question -Does Xero have any future plans of going into any other fields of cloud computing beyond accounting or personal finance? E.g. maybe it just requires an add-on to the Expense Claim module to allow expenses to be pulled out of a personal credit-card statement, etc… Further details of the acquisition of One NZ and the Equity Raising are set out in the Investor Presentation provided to the NZX and ASX today. Geoff Brown has quit his role at NZX as head of market products at NZX.

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